I think it's possible to see , and forsee the track patterns of price movements pretty well. Using TA and a combination of tools and methods.... it becomes an exercise like looking at a road map. I liken it to a bus route, moving from station to station. as well as a rollercoaster, way up and way down. Watching price move to support and resistance targets. Half the task is just to identify the most magnetic targets of support and resistance. The math target way down around 5.90 is a point on the map, but along the way are many targets, any one of which could hold as a solid bottom...like the 6.40 area. Above that is 7.25/7.50 area. Right now is the 9.00/8.50 area to watch. Can we forecast the timing of the next good news? If good news comes at the same time price tumbles to the 8.50 target ... we might have a solid bottom at 8.50.
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