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Very volatile at the moment...makes it difficult to enter.
I can tell you, I am not in the market at the moment due to this...I'm waiting for a confirmation before entry.
I can see a few things:
1) Monthly shows a bounce of 38.2 fib at .7904, AU bounce at .7898.
2) If we there is a breakout below the .7898 price, I'd expect a run down to the 61.8 fib at .6711.
3) If we end the month at 84-86 cents, I would expect a jump to 90-94 cents due to a hammer candlestick formation.
This would also confirm B wave for Elliot Wave Theory and would indicate the run down to 61.8 fib at .6711.
Time will tell.
I am no professional or financial advisor, my comments are based on my views on the market. I am not in the market and don't intend to be until I have confirmations due to volatility.
...always DYOR.
