Price has found support on the ascending support line along with the 0.5 Fib retracement level. If we take a longer FIB view we can see that this is also a 0.618 retracement level.
with 3 major lines of support, experience dictates that the correction is coming to an end and the bulls will begin to flex there muscles and push price back upward.
Entry at market 0.872 cent with a projection to the previous high where we could either see a pullback or and extension. when the previous high is met half of the position will be closed.
with 3 major lines of support, experience dictates that the correction is coming to an end and the bulls will begin to flex there muscles and push price back upward.
Entry at market 0.872 cent with a projection to the previous high where we could either see a pullback or and extension. when the previous high is met half of the position will be closed.