Atlas Lithium Corp (ATLX): From overhead resistance at about .065 d...

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Atlas Lithium Corp (ATLX)

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Wednesday, 02/17/2021 11:46:43 AM

Wednesday, February 17, 2021 11:46:43 AM

From overhead resistance at about .065 down to the support of the tight flag to form at .03 is a difference of roughly .035. That is the measure that you have to use, .035 to measure the competition of the pattern downward. The flag went up to .05, which is also a perfect Fibonacci retracement. So deduct the .o35 from the .05 and the target is .015. THAT is where the MMs will back off. Not before. NO WAY. They know what they are doing. At .015 most of the weak holders that are going to sell will have sold and left.

I ask again, where are the likes of Berk???? Were they smart enough to know that that move up was a headfake? Trust me on this one...THEY DID!

They are pros. Not sure about some other screamers. Nevertheless, .015 before we even THINK about heading higher.

Sorry, just keeping it real.

Peace

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