Ok If we are playing the C&H game. High close recently $1.73. Low close mid Sept $1.225. Difference .505. If we use the classic 30% handle retrace as a ROUGH guide, target price is $1.58 for re-entry. At $1.61, that retrace so far is about 24% of what could be generally expected in this scenario.
Sellers pretty firm around here and volumes drying up noticeably. Target price beyond $1.73 breakout is $2.235 which lines up pretty nicely with @acwbagnall Wave 3, 1.618 fib extension at $2.20.
I KNOW we are supposed to wait for breakout confirmation, but bugger it, i got other things to do today and this is near enough for me.
AX1 Price at posting:
$1.62 Sentiment: Buy Disclosure: Held
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