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Re: kayak_wench post# 72038

Friday, 11/04/2022 7:02:20 AM

Friday, November 04, 2022 7:02:20 AM

Post# of 78903
Attempting to view the bottom of a green candle three years prior on a ToS chart with these old eyes is no different from trying to catch a herd of cats-but, this is what we can know...
As best as I could detect, .0015 could well be the bottom of a tall, green candle (*1); the Fibonacci looks quite ideal 16.2 (*2); the last candle was a graveston doji (*3); and the arc of the drop into .0015 was as close to a vertical as you could expect (*4); the PSar shows the longest, most extended downtrend 8/31/22 to the present (*5); and finally, I was able to connect all the long 'tails' from a year ago to .0015 doji tail in a straight line.
And finally, we see the large volume bar which could mean a trend change.


* A gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action. - Investopedia.
In summation, IDK...it could be .0015 but we all will have to wait and see together.
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