AVZ chart, page-10055

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11/01/21

21:30

Post #: 50095568
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Originally posted by beisha: ↑

Just following up from my previous post, if you look at the black arrow, you will notice the very thin candle called a doji, for a fleeting minute it hit the 61 fib target ( 21.7 ) , doji candles mean decision time, usually they are reversal candles and it commands my attention every single time, with every indicator maxed out, there is only one place to go if AVZ want to go much higher in the future and that means a back test, I have highlighted the support levels AVZ may fall back to, dont shoot the messenger, what goes up vertically must come down, regardless whether you are in a BULL market or not, I can never understand why people complain about retraces, for me, this just represents a beautiful leveredge opportunity to top up for the next leg up, but I will sit on my hands and observe and wait for confirmation, I never chase, up or down, price comes to me, I am in control, not the other way around,

IMO

GLTAH

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TA wise spot on mate. As always.

The dilemma now is whether to sell now to skip a possible retrace of 25% to close that gap but opening oneself to be caught looking from the outside if another OT ann pops up.

AVZ Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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AVZ chart, page-10055

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