Hey Mr Strengths, yeah I think we'll bounce around in the .02's for a while longer. Previous period of distribution was 112 bars / days and we retraced 72%. The current period of distribution has been 77 bars / days and we retraced 44%, so my guess is we'll still be around our current range for another couple of months. It's a little odd we haven't retraced 50% which is roughly .022 ... it's my feeling (not TA) that the bottom is still not in yet...
I'm really hoping that we see an extended period of low volatility and then an explosive breakout to the upside. we have a lot of overhead resistance which is going to be difficult to bust through
I'm just going to wait a little while longer and see what happens before buying the next parcel.
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