That is interesting stuff Nine Lives - Fibbonaci ratios and PI etc are evident everywhere in nature so these time cycles make sense
It is hard to know about all the Gann and Armstrong stuff - pretty esoteric a lot of it
I am interested but do take some with a grain of salt - though simple Fib structures over time...yes I could see that - do you know Mozart wrote some pieces of music perfectly structured in time to the Golden Ratio? And top traders know this stuff so it could even we'll be by design...
I would say on basic Wyckoff/VSA there was a very good chance of stopping volume there on Friday at $1.10 and you guys will get your Automatic Rally next week - but if so it will likely mark out a good trading range and slowly float all the way back to around $1.10 or slightly lower over the next few weeks/months on very low volume
That is the basic bottoming pattern - and under Wyckoff you could risk buying on a spring up around $1.10 then or wait for it to pop (true Wyckoff) the top of the trading range first
You know well this is the way most of these drops play out - this would need monster fundamental news to pull off a V shaped recovery here![]()
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