TA - Short Term Trading, page-286

Maybe it's very all or nothing of me but i'm literally using this price action to determine whether I trust EW analysis in future. Here are the terms:

If it goes below $3.00 then the EW traders are all knowing gods. If it goes below $3.25 then I find them solidly credible. If it only goes below $3.50 I will still consider it a little sketchy but with the potential to prove itself in future. If it doesn't go below $3.60 then I will think its full of hot air. LET THE GAMES BEGIN!