Big day today for TA chartists,and traders, bottom fishers, frightened longs wondering what's happening, naysayers laughing and ridiculing, the usual bleeding down price destruction game for shorts to enjoy, ... while we wait for Good news in 2024... and how many weeks and months will we have to wait. This week ( and this month of March) was a big win for shorts and bears , to break down the 4.80 triple bottom swing pattern Low. A major development on the long term chart picture. All rally waves that bounced and climbed from 5 to 10 have failed to hold and develop a bullish chart pattern. Now the downwave bearish pattern becomes the dominant picture, in my view, looking at lower Lows, and an emboldened short trader,and short hedge funds. And company dilution games? Maybe? ... all stepping up their game, looking to keep hammering the price down as low as they can take it, until MMs intervene. Maybe it's dilution, computer system trading, whatever it is, the price action creates the chart picture.Now , we get to see how the "lawsuit" might affect the selling strength in coming weeks. I have to believe the sentiment currently is going to remain bearish until good news comes, including a declaration of lawsuit as frivolous, if that happens. Any positive news.
Where will the next major Bottom be established now? 4 dollars seems like an automatic target coming soon. Would it continue tumbling into the 3's ????? It's bottom fishing time in 2024. Isn't this fun?? If I was looking for a good place to "bail" ... I , personally want to wait for a good rally recovery , there will be one some day, maybe to retest 7 or 8 dollars. But no rally will happen without a good news trigger. A double from 4 to 8 would be good enough for me.
Dude... where's my good news... 😐️
Love y'all poops and clowns.👍️ Just watch the price action... exactly as I forecast it. 😀
