Whether this is a level 2 Wyckoff Method with a further rise to Level 3 ($1.30 range) or an M top formation, a retrace is do after it's insane 40% rise these past few days.
-Set up
-Start on the hourly chart looking for the cycle or any M or W formations
-M formations only happen above the 50ma
-Specs
-W formation only happens under the
50ma
-Next step
-Head to the 15min chart watch for a cross of the ma's
-MA's
-5/13ma must cross the 50ma to the upside then come back to the 50ma to test if successful enter...
