asumptions and celebrating about making back losses.
Lets look at the market from a non emotional scientific basis.
1. We where expecting a rally back to 0.84ish which it has gone a bit higher
2. The average rally is about $0.25 - $0.30 cents which we are out now.
- Ironically that brings us right back to the lows.
Based on this there is nothing trend changing here and is more likely a good place to short more if you are short.
Longer term:
There is a lot of resistance there.
THE BULLISH SCENERIO would be if this rally continues to around $1.12 which would be a rally of $0.46 which would be trend changing and then get a pull back to $0.90ish and rest on support instead of finding resistance on it.
This point would be the point to buy.
Currently this price is a place to sell.
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- ok before we get carried away making silly ...
ok before we get carried away making silly ...
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