I'm not predicting anything....
I'm just drawing the road map of Fibonacci and Elliott wave patterns.
I don't know what the big money powers intend to do next, and where they will set the target bottoms and tops. or when they will decide to invest or accumulate, and get the rally going again. waiting for news, or not waiting. its hard if not impossible to know what comes next.
When the latest rally bounce peaked and got taken down at 4.46, I thought that was not too strong for a "first wave" (in the "Wave 3" /5-subwave pattern). and when it fell back to 4 dollars now, that's ok, but not exactly 'bullish' either.
I started watching the pullback for holding around 4.15,(that would have been stronger to hold there) but it fell to the lower step. now its a critical step to hold at 4 dollars ,in my view. or the 3.90 Bollinger band,as a critical line. both are critical. This little zig zag zone here from 4.25 to 4.00 can bounce into a triangle terminal around 4.14 where it Must break out in a decisive direction,and that could be down or up. IF it breaks down, then 4 dollars becomes critical again and risks getting broken down. Better if the rally starts now, and it breaks up at 4.14 triangle, and starts making the next rally. If I was Misslings chart analyst, I'd be saying "Dude" (how do you say 'dude' in german?) "Its great to raise cash, but dude, if you don't want to see price fall to the big bottom all over again.... you need to buy another 375 shares at 4 dollars, right now. " and big money needs to buy here as well, and somehow, the rally must break thru the 4.50 resistance area,and start retesting 5 dollars again. or else there isn't any rally happening.
So ,lets say,its safe to call this cycle an "accumulation time" and the chart , wallowing around 4 dollars, failing to rally just yet, falling down from 4.30 , falling from 4.20, but holding so far at 4 dollars, 3.90 is really critical to hold, the powers do need to keep this capped on both ends, holding around 4.00 and capping around 4.30, just like today...,I'd say, "Dude, if youre looking to give the instys time to keep accumulating shares, youre doing a good job ,keeping it locked up here in the 4.00-4.30 Box. you can stretch it down to 3.90 if you like, but NOT any Lower. 3.80 double bottom is risky. keep it at 3.90 or 4.00. mein kapitahn." ... Unless, of course, you Intend to take it as low as possible... then they will take it to 3.80/3.65/3.50/3.35 etc... like they did last time.
I don't mind buying more at 3.50, but it means I shouldn't buy at 4 dollars. if only I knew where the powers intended to take the price,it would be so much easier.But,4 dollars is a technical buy target.
as was 4.15.Theres a pivot point at 3.85 and 3.53.and from the original plunge to 3.63 there was a bounce pivot at 3.77 and 3.85.They're all targets as well.
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