back when it first surged to the 30 and then 42 topping zone,was that this one needs a big pullback,which started right as you said folks should buy more in June,....forecasting is a tricky business. but the chart showed the pullback targets in the 17-27 area,still in play. buying the next dips now might be ok.but its dangerous to chase a runaway horse after its long out of the barn,in May and June.
42 cents could be the high for the rest of the year. resistance overhead now from 30-38,Wave C targets are below from 25-17,I've been waiting since April.it might get there in the fall,if not the next few weeks. or might hold nice here at 25,but its become a resistance shoulder zone now around 35,has to be watched there.My stink bid is at 20 cents /Fib 22 cent area.I might start to nibble at 27/25 if theres more plunging to come.
This is Fibonacci arcs and retrace targets. shaped by the Ichimoku cloud
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