I don't think so. We'll see though.
Every day it holds the current channel, strength builds and the chance for a significant news release is all that closer and my 2s become more remote as a possibility. However, volume is weak, more RED days than GREEN, Stoch is headed South, ADX headed South and the 10DMA may be overhead by tomorrow afternoon. That's unless some ASK slappers stand up against the trending. That may take more stand than they have power for.
As for the valley and the timing, this is one place we differ. I see the wave frequency tightening and higher bottoms for the future. But that of course is based on my more positive sentiments rather than anything to be construed as technical at this time. If it turns out as I see it, low 2s at the best and I don't see even dark days allowing manipulators to put KMAG into the teens. There is a fulcrum point, a chart flex-point that will most likely defy gravity and make new history. I wouldn't be looking ahead with any anticipation of seeing what has happened in the past. Not at this time anyhow. I think that I'll be in hog wallow heaven to see a drop of 30% from today's close of 0.0039.
Nice KMAG chart.
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