It is amazing how the price action, when analysed, can give you...

It is amazing how the price action, when analysed, can give you a similar result when applied in different ways.

Firstly, as previously posted, 61 cents is the 50% correction of the move from 30 cents to 92 cents.

Secondly, the current correction now appears to be forming an A,B,C formation. A wave 92c to 68.5c (23.5c), B wave 68.5 cents to 84c (15.5c), C wave potentially 23.5c if equal to A wave would leave us with a low of 60.5c.

This would indicate that the market is targeting a low of around 61 cents.

I have top up buying orders at both 64c & 61c. The former, in case we do not quite reach the 61c target.