It's a good question.
Obviously after the first rise back in December, she retraced 60-odd% to the fib retracement line.
But, after the second rise on Jan 11 it retraced slighty from the high of 9.1c to support at 7.7c or about 15%.
On the third rise (19-23 Jan) it retraced from the 10.5c high to support at 9.1c or 13.3%.
The fourth rise on 2 Feb? Retrace from 12.5c to support at 10.5c - ~16%
And then the current rise.
High at 17c, support at 14c - ~17%.
So the last four rises have actually only drifted down around 15-20% before the next leg up.
Tomorrow will be the judge!
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