I think its tricky to forecast...
right now, if anything I would say the odds favor a fast and strong pullback to retest the 3.85 area maybe 3.70 before its finished ,later in the week. Then another rally wave. to those targets the daily 200ma (4.90) and first, the weekly 50 ma (4.60)
My instinct tells me there is another page to this story, this sudden surge today, has the other side to the coin, a pullback/plunge in the next day or two.? back to test 3.80 would be my guess. some trick up the big money sleeve. Their supercomputers determine when the next smash attack needs to happen. Maybe it needed a round of buying, back into the 4 dollar target zone, in order to set up the metrics for the next smash. How does a supercomputer trade in such a way that maximizes the profit in the buying and selling. ? in the cycles that it creates, up and down,the volume it sees, the targets it reaches, and the next moves it sets up.
Think about the Trading Process. Who is it that decides to buy at the 3.33 Bottom. who decides to buy a lot at 3.55? or 3.62...why didn't they decide to buy at 3.45 instead? why did they make that extra Push today when it was hanging around 3.93 area...all of a sudden they jump it to 4.07/4.10 . Who did that? who were the buyers that thought it was a GREAT place to buy more....at the 3.95 topping zone? NO trader of any intelligence would buy a ton at a topping zone like that. The time to buy was at 3.33/3.40 area maybe 3.50 was ok. There is something suspicious looking about the afternoon surge. when it should be hitting resistance at 3.93 area, like it was....all of a sudden, they push it higher. Who did that? that's the manipulator. I think its a set up for the next smash down to come.
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