UPDATE:
My initial scenario is working like a charm. Been a busy few weeks for me but very pleased with how the action is following my latest redrawing of the chart for CGB.
Now I;m not 100% sure we'll go below 2.3c. The definite buy window is 1.9c to 2.3c.
We had a gap there. Not a clean gap, but it seems the market has to get there and test it out.
There are no other gaps below, so there are absolutely no TECHNICAL reasons for CGB to go further down.
In this screenshot, you can see the middle box? We're there at the end of that box, that's a bottom/ bounce box.
Short term:
Graphically, we'll be reaching 2.8c. 2.9c to find resistance at technical convergence points. As others have indicated, reversal indicators are on. Action at 2.3c 2.4c and 2.5c indicate quick interest and expectations this is the buy window.
There is an ascending resistance that if broken will signal big things to come. That resistance goes from 2.7c to 3.0c over the next 4 weeks.
Any WEEKLY break (at close) of that resistance will signal fireworks.
If that resistance stands, end of November is where it ends at 5.5c.
Hard resistances go from 4.1c to 5.0c over the next 3 weeks. So there are indications, that we could see a rapid uplift in SP to those levels.
The depth have turned. This is probably it for the bottom. 3rd time's a charm.
Medium term:
We're due a strong move upwards Early to Mid December. So it could go up to 5.0c, up down up down , touch that point and then go look for the resistance now at 7.5c!
Conclusion:
Not easy to explain without showing the charts. Some lines change, some don't. But regardless of not calling the bottom perfectly on the day (who does?) The general scenario is extremely close to reality so far.
In 2 weeks or 3weeks when we've passed two potential points of upward momentums, everybody will be a genius and will have bought at 2.3c
But between honest people, anybody who buys below 3.0c is buying well.
The next inflection points are
16th to 18th, AKA NOW.
And
22nd to 23rd of October.
So two chances for good upward momentum, watch closely.
Also I'll share another thing I see, I see an INDUSTRY WIDE run soon. Can you guess when it'll start and what will do it? I told you I've been really busy.
DYOR. Invest carefully. CGB is very volatile, and even if we seem to be at bottom levels, always be careful.
