Thanks for sharing your technical market analysis on EXR LBIII....

Thanks for sharing your technical market analysis on EXR LBIII. I mainly trade Oil futures CLH20 and Gold futures GCJ20 and my Fibonacci analysis helps me get in and out of trades at specific Fibonacci retracements (entries) and extensions for my targets.

When you place your Fib anchor at the high of January 2018 @ 9.5 cents and your low anchor of 2.2 cents (March 2019) you notice the price action found Resistance at the major fib retracement level of 61.8% @ 6.5 cents in August last year. The area between the 50% and 61.8% retracement levels are commonly used by algorithms / Institutions to bye or sell . My mentor calls this zone the "ambush zone".

The major Institutions sold EXR at the current ambush zone and this has resulted in EXR breaking key Support of 2.2 cents and crashing to a low of 1.8 cents on the 16th of January. If EXR has more negative news from the 3rd drilling process, we have no known support and I anticipate EXR to sell further below 1.8 cents.

However if EXR has purposely waited for the best till last drilling process and has positive news i will get in above the current Fib Resistance of 4.7 cents and above.

https://www.screencast.com/t/wcifkGax

Regards,
Fibguru (Trading What I See )