Decided to post a couple of chart timeframes. I'll start with the bottom I don't see many charts this clean,nice first leg to 2.5, then retrace, with a nice little doji at the bottom, and up on the next leg with expanding daily pricebars, with good volume..On Wednesday there was another doji, at 2.5 traders thinking about whether it's worth breaking through to the next level. If it had of fallen here I would have closed the trade, however it's a powerful sign to see the sp continue to rise after a doji, it doesn't happen that often, it's normally a sign of reversal as what occurred at 1.5. The top chart overlayed with fibonacci is dam near perfect, I just didn't want to overload the chart, and gives a guide for then next major resistance level. Minor resistance level at 4. Next week could be very interesting.
DXN Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
