Thanks for the ARI chart in the morning thread. Yeah, it's in freefall, but I'm hoping for a bounce at these levels.
It seems to be held up by the fib 61.8% from H/L of last 12 months, but it seems to get rejected by the fib 50% from the H/L of the last 18 months. There could also be oblique support coming in soon from the peaks of 24 months ago.
Maybe I should keep my eye on it and look at entry closer to $1.00? Falling wedge seems to be forming also so we might have a waterfall day?
