A Fresh TON Chart Thread
View attachment 122165
This is still in Falling Knife Mode. Yesterday was an acceleration of the downtrend. Any Historic Support levels under 10 cents are from over 2 years ago 2012/2013.
What's happening is IMO round number 10 cent formed a 'natural support' but 10 cents is NOT confirmed as Support. It's just being "presumed" at yesterday's afternoon session.
My charting Programme doesn't do intra day 20 min charts too good.
It doesn't show the candle Volume in it's reproduction.
View attachment 122168
white horizontal line cuts yesterday tuesday from monday trading.
The Capitulation morning trade is "indicated", along with the developed 10 cent support
However Intra Day Support levels are TA for Day Traders, screen jockeys looking for pip scalping
Anyhow the opinion/reading I'm trying to get across is that 10cents is NOT a confirmed Bottom
for longer term Traders [longer than a day] or doubling down LT investors to go "All In" on.
Think,figure, calculate for example on
Was it Brad or some other "snake" dumping? If so are they ALL Out?
Will say holders still of in profit under 10 cent holdings who in Brad they have Trust [ie the Count ? or early rise?
even Jack] hit sell save profit?
there's still numerous players with multi reason to continue the Sell, valid, non hater inspired reasons.
Any under the Guppy "Rule" of Countback gives an indicated Bend in Trend the TA figures for that are
Intra Day 11.5
Day- 14
I'm offline midday so maybe
@insaf can take up intra day chart commentary?
But please FA'ers, you seem to think charting is hooey, crap, irrelevant if a negative is indicated while embracing, thumbing any glimmer of a predicted Moon Shot coming. The chart is used correctly to calculate Probabilities especially in the short term, say coming week but any hour even a minute changes the dynamic,the reading, the reckoning of parameters.
anyhow trying to say, please don't clutter a chart thread with too much FA criticism of TA.
Happy Trading
over to you
@insaf 
no, you don't have to thank me for giving you the gig
