10c on the Horizon, page-65

well there it is, the engulfing reversal green candle, a positive candle finally,
This is the realists tech analysis thread, no need for rampers to read, just ignore it,

today a higher green bar with lower open 5c body 0.5c tail and 1.5c wick
support showed at 15-17.5c on high volume, looks like INSTOs
16-19 red body with 19-21 shoot yesterday & 15-20 green body today with 20-21.5 shoot, engulfing the prior red candle
the red wick yesterday 19-21 was today again sold down to 21.5-20.0, a bearish element in this candle
meaning the daily highs yesterday were again unsupported as daily highs today.
20-22 is resistance, 14-17 is support right now


cliff face has found a ledge 15-20c but may still be a suckers rally enabling INSTOs to exit high again
Lots of volume selling going on 15-21 range, a negative element
Need several days for this 15-20 range to hold to have any chance to avoid the 10c reconnect
Need volatility to end and slow rising pattern to form, to show a real support channel, if it keeps zig zagging on daytraders then it may well be that suckers rally.

My call of 8c-13c lows, not far off the 14.5c low today.
One day does not a trend make.
The daily volatility is negative. Good for traders/shorts but terrible for investors/longs/INSTOs

Longs must wait for a few days to see the true trend.
14-17c appears to be a support ledge but Im not convinced yet.
wait for the rising uptrend and the flooring pattern, we are still in the volatile post moonshot shooting patterns up and down .
Not a convincing V rebound as yet, still 70% chance its a suckers rally/dead cat bounce.
Only fools rush in. Patience is key,