Well this long consolidation down shouldn't have gotten the better of me... I called it too soon, but now this is it.
Now we have a perfect pattern. The ending triangle according to Elliot Wave principle states that the party is almost over. One more push down at E and the trend reverses. There aren't really any exceptions to this rule, besides some very rare complicated/complex consolidations, but we don't have those here.
So with this last retest of the 0.058 cent level, that creates the final reversal wick testing below the bottom range line and completes this down trend.
From here we will move sideways and up until we break above the first 1.618 target with the red arrow near 0.09, at which point some good Q4 news would propel us to near .14 cents or higher.
If you haven't bought in yet, now is the time. Without some serious correction, we will not be seeing this low of a price again.
Now we have a perfect pattern. The ending triangle according to Elliot Wave principle states that the party is almost over. One more push down at E and the trend reverses. There aren't really any exceptions to this rule, besides some very rare complicated/complex consolidations, but we don't have those here.
So with this last retest of the 0.058 cent level, that creates the final reversal wick testing below the bottom range line and completes this down trend.
From here we will move sideways and up until we break above the first 1.618 target with the red arrow near 0.09, at which point some good Q4 news would propel us to near .14 cents or higher.
If you haven't bought in yet, now is the time. Without some serious correction, we will not be seeing this low of a price again.
And there's the one last push down at E.. completing a long wick below the bottom of the range.. Up up and hold we go