so where to next...
If we get great news at any time... no reason to think it wouldnt surge back up to 30 dollars again.and if its really good, could refocus on those higher targets from the previous rally blast that though it stopped at 31.50, had technical targets at 35 area and 45 area.
I wouldnt want to start guessing yet about that kind of rally, because what we have been watching for a few days now, is the pullback and the first stretch of rally, in a different zone, from 22.70 to 25.70/26..area and the pullback that has held so far at 24, right on track so far. that pattern is still playing out with a resistance step around 25 now to watch out for . we could see a move upward of 3 to 5 dollars or a move down of 3 to 5 dollars. 24 to 27/28 or 25 down to 22/21/20 as the patterns havent given their clue yet when they sit in a balance zone waiting, and this 25 area is one of those balance areas that has to break in some direction. Its technically looking bullish to see 24 holding. but the rally math target was reached at 26 and the sell off shows this to be correct. These targets in both directions can be seen days ahead of time, once a bottom happens and once a top happens, you just do the Fib math and see what things look like. When the price action is running along technical tracks like this, the Fib math seems to offer pretty good clues to watch for.
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