Bloop, page-3

The reason for the orange line on the chart above and why this chart is so bullish
From the 30.5c low MNS moved 9.5 c to 40c before retracing in a 3 wave pattern
The move down to 36.5c was a 38.2% retrace==========That's bullish
Price then moved up to 41.5c then fell 4c to complete the correction
This was an UPWARD sloping correction============That's very uncommon and very bullish
Price then did another 9.5c leg up to 47c
To remain very bullish the price should only retrace the same amount as the last leg down = 4c
So 47c -4c = 43c = the orange line
Price fell this morning to 43c but it wasn't long till large support showed up