"formation is still intact..handle has become straight line."
I think it was funny previously. But at present it's tiresome. The handle was voided on the 16th. It's not going straight, up, down or sideways. Because the handle is 100% voided. There have been 4 attempts at the resistance on 0.061 that resistance has been breached not broken. At present last candle was a Doji. No gap so it's not a text book morning Star. The gap that some said wouldn't close has now been closed on the wick, not the real body. I prefer gaps to close on real bodies and not wicks. So if this dropped further to close that gap it wouldn't surprise me. And it would give a stronger signal.
At present I'm looking for confirmation to see if that Doji will act giving the indecission in a northward move or if it will continue south and close that gap. That's two valid strategies. South to fill the gap, or north for another retest on that resistance. If you're already in then you seriously need to consider how long you allow this to retrace before you lock in profit. If I bought in at support at 0.035 a drop to 0.0046 wouldn't have me too worried as that would be the gap filled. Any lower than that and warning bells would be sounding. But that's purely me and I never got in at 0.035. I got in on the 17th & sold on the 19th. So it's a mute point. And is not investment advice, it's purely a scenario I might incorporate if I found myself caught out holding a bag. As they say DYOR.
NMR Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
