Further to that , the risk here is that the monthly wave 1 is complete and we fall in a monthly wave 2 . We are also due for a significant monthly low around april / may which also indicates a fall into a monthly wave 2. So on a daily scale the monthly ABC "may" not be complete . So price needs to push above $4.17 to prove the monthly wave 1 is not complete , if it doesnt we could potentially see some larger pullbacks because wave 2 can retrace up to 90% of the previous wave 1
GXY Price at posting:
$3.75 Sentiment: Hold Disclosure: Held
