Z1P - What will be the bottom before the bounce., page-558

Referring to the heading of this thread, for what it is worth, Elliott Wave suggests price shouldn't fall any further. While Z1P looks pretty bearish Elliott Wave Theory says that Wave 4 can't fall into the range of Wave 1. If I've got the wave count right the recent fall is Wave 4 and it is 1 cent off breaking into Wave 1 - so it should move up next week and ultimately make a new high above $10.60 The black uptrend line on the chart probably shouldn't be there as it needs price to move up and confirm last weeks candle made a trough, but a line through 2 troughs is a good guide and if that 3rd trough forms next week that line will be formal support.
Now this is just theory and theory has a habit of not always fitting neatly with reality - but Elliott Wave is amazingly accurate most of the time.
Good luck to holders.