Oops, I meant to post this as a new msg
sorry roll it, didn't mean to link it to yours.
new post/my technical blurb.
good price bounce today off the 6 dollar support zone.
and settled into a 6.40 cushion.
up one stair step, down a step, up two steps and down 2. or 3, or up 3 or up 2, like a bouncing ball. where does one decide which of the bouncing stair steps are the most important to watch out for.
to me its 6 dollars/5.70/5.30 on the downside.
and
6.50-6.60/ 6.80/7.00-7.20/7.40/7.70-8.00/9.00-9.25
right now it was 6 on the bottom and now 6.80 overhead. then 7.00
but first 6.25-6.35 is critical to hold as support. key moving averages are there and the wave structure demands it.
This wave structure off the 5.98 pivot bottom here looks quite positive. Maybe just the first wave of 5 going up.
Its possible to play out the technical math right now.... IF the price pullback action holds support soon at 6.30 and makes another small rally from here, the target is 6.80 area.
as a subwave 1. followed by a pullback subwave 2, back to retest 6.40 area. Followed by a larger subwave 3 , to target 7.40-7.70 area, then subwave 4, to retest 7.20-7.40, followed by completed wave rally at 8.00-8.15 area.
All this is just a technical math exercise. Often strangely predictable, if Elliott wave and other technical trading math numbers come together, it could be showing these visible target points . that start at 6 dollar zone and complete the wave at 8 dollar zone. the next possible rally wave structure. A lot of folks don't have any interest in watching trains roll along the track, but I just find it interesting to follow. in case it works to provide any edge in trading.
