Sorry all, no video yet. I did go out and buy a mic, couldn't find one at home. After more analysis of the chart, I maintain we will not go beyond the gap, and, in my opinion, it is not likely we will even begin close the gap (assuming everyone agrees on .029 = gap filled). I realize that's a bold thing to say on record, but that is my opinion. Won't hurt my ego if I'm wrong, but I'll be disappointed in my own analysis.
So, what about where it'll bottom? Based on a number of methods (I will make a video on this in a day or two, to at least prove there is method to what I do and it's not all that mystic) I'm calling a bottom of .03016 (round down to be a little safer) to .0301. Methods used were Fibonacci, Elliot Wave, Gann Wheel(first time using this, but it correlated well with previous 2 methods, so I'll include it as one of the methods).
If we crash below that without showing any respect to .0301, I'll sell majority of my position. If respect is shown (i.e. goes slightly below, but goes right back up to it and continues sideways, I will not sell majority). I'll keep the remainder until .0288. If price dips below that, I'll be out completely (for the time being).
Realize this is all based on my risk strategies. I simply can't afford to hold at lower levels... I'm already a little over-extended here, so I need to tread carefully... just because I sell at ~.0288 doesn't mean I think it's going to crash to .020. It just means I can't risk moving sideways with price that low. I have a small account.
So, don't take this as the world coming to an end call... it's based on my own risk management, and where I think price should reverse. If it doesn't reverse where I think it is, I feel sideways action will continue for sometime.
Respect/adapt to the market though, she's a beast.
"A man should look for what is, and not for what he thinks should be." -Albert Einstein
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