"You only know for sure if price moves to .018 WITHOUT touching .014 "
So risk is growing even higher,
All I can say is that it is ATM GOING down.
With the accumulation that has happened starting to be more and more deifined as Smarter DISTRIBUTION..
Always two sides to a trade the BUYER and THE SELLER. So one is Distributing and one is ACCULMULATING
We can only know by the subsequent action for sure who was SMART !
So for the bullish case to be restated ( and be clear imo right at this moment there is NO BULLISH CASE )
I would need to see
A clear lack of Supply !
A shakeout !
Or a base building at a lower level !
Until we see either... The bears have proven the case and the bulls need to reasert and prove theirs.
remember the word --DYNAMIC a change in price level brings in new dynamics.
This is very important ==>I repeat a change in price level WILL bring in new dynamics.
But lets be clear VERY CLEAR
****Sellers are prepared to sell at lower prices Buyers are not prepared to buy at Higher Prices****
That is the reality
And remember markets are always Forward LOOKING to some extent !
The only possible bullish case would have to rest on buyers for a reason not being able to act on their sentiment and view. Eg too risky with the overall timing / markets / low liquidity etc
I will let others grasp at that straw ! I would want the bulls prove the case..
This thread has ended .I will not post again until that bullish case reaserts . ( could be the next five minutes , could be never !)
Motorway
GCN Price at posting:
1.4¢ Sentiment: Sell Disclosure: Held