Wednesday, January 24, 2018 5:20:02 PM
lets see if price holds the mid-8's area. and gets back eventually to retest the high 9's. 10 dollars might be the topping zone for now. for a while. not right away but eventually over weeks. hanging around 9.70 and the gap fill there. and then holding around the 9 dollar balance line.
this plunge to 7.82/8.00 could prove to be a one time thing. if we see the steps continue climbing strong like today did.
Just looking at todays move. we got a bounce from yesterdays 7.82 to peak today at 8.62...the 50% Fib retrace for a pullback looks like the 8.20 area. but There is a support zone around 8.40 to watch now. it hasn't settled in yet, price is still zigging around 8.25/8.35/8.40 area. IF it solidifies here, we might see more bounces to get into the 9's.
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