We might have seen another pivot high here today (082c).price reached the upper trendline which is also a 62% retracement of the last down leg from 09c -07c...its been 17 trading days now since the high at 11c and we havet yet had a minimum 50% retrace of the whole uptrend 023c to 11c. (50% is pretty standard for any correction 62% is even more common). theres been 3 other pivot highs during this downleg (11c, 10c, 09c) each one found resitence at a 62% Fib and then led to a new low in the opposite direction...I think this week we might be testing the last low of 07c and possibly even see a new low.
MUS Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
