The effect of time and compliance to To time on the psyche is an...

The effect of time and compliance to
To time on the psyche is an amazing thing. We have already seen the effect of this on the sp on the run up to the high 30s. Now we are in retracement mode as avz confirms it’s potential via resource verification and corporate transaction which will provide the market confidence. The key here is to wait until that breakout to the upside before recommitting - much like the 14 c breakout last year. Remember the uptrend from its stellar run was breached to the the downside through February and now in a longer rectangular retracement pattern unlike the last 2.the key here is a breakout to the up. Whilst maintaining to the pattern. The support was the 16 c while the breakout on Friday was the 23/24 level. The key is the breach to the upside but avoid the breach to the downside. There is a significance to the large volume day testing the support. Normally as the duration of the retracement extends, prior to a move back up to test resistance of the pattern (in this case 23/24), is accompanied by a large volume to test the support (in this case 16). The key now is to test the low 20s. The breakout is the key for anyone planning to jump on.
I included a graph that is similar to what happened to avz early in the week from the bullish rectangle explanation of levitt brothers: