Today we get a bounce...
From the 4.20 step, to 4.50
Let's see if it rolls over and tumbles down some more. Resistance steps right here at 4.50/4.60/4.70/4.80/4.90 ....all resistance area, basic support/resistance game. Why would the trading systems make a finished cycle bottom reversal at 4.18, instead of bleeding it down in the next roll over and tumble to target 4 dollars. ? I don't think it would choose 2 steps above 4 dollars to make a major bottom. How many days and weeks time do the trading systems and short traders have to play the game and take it as low as they can? Bleed it down 30 cents, 40 cents, 70 cents at a time.... 60 cents down, 30 cents up, roll over and 50 cents down, 30 cents up and roll over and tumble 50 more down. Step by step, until they reach the Finished Cycle Bottom. It wasn't 5 dollars. I don't think it's 4 dollars. Maybe 3.50 ish? 3.25 ... ish ? Too early to say 3 dollars. 4 dollars is a buy target. Like 5 dollars was. The truck starts to load up at 3.50 and below.
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