we have had the bottom reversal (well what seems/d to me be) and the breakout, im looking at this downside as a retest, any upside from here will be limited to the 23 fib.
once the fib goes safe to say the breakout is confirmed and we can worry about the gap mentioned before for the medium term target.
what worries me that the upside may not come is the fact there was no real volume on the breakout...and I would not be surprised if we make it down to .295 from here.
to me its in limbo.... im watching for something to show its head, or shoulder, or maybe a pregnant Japanese women, even a hammer left laying on the ground, or that star you see in the morning. plenty of options lol
hope this helps :S
FDM Price at posting:
42.5¢ Sentiment: None Disclosure: Not Held
