123Tom's TA study group

[123tom]

A good look at First Majestic chart

weekly chart.
Great trade for clever insiders to sell at 19


The giant soaring hyper bubble surge to 19,way too high, and too fast, was an out of control pump destined to get dumped.

The true mathematic geometric pattern topping target zone is 11.50-13.00, centered around 12 dollars. 14 would be extreme. FORGET 19 !?!

All the rest of the math patterns are connected nicely along the Arcs,as they flow . the retrace bottom zones around 5 dollars show weakness when the basic retrace target zones for a pullback from the 12 or 13 peak, should have held support at 6/7/8 dollars. NOW in this chart picture you can see the 8 dollar zone became a strong resistance ceiling and down goes AG to retest 5 dollars. It Might hold here but the bottom zone includes the 4 area/4.70/4.50/4.30/4.00.