Which way do we think it will go?
The weekly fib used to call the move up to $0.75 on Monday is still valid and we are now consolidating on the 61.8.
A breakout of this triangle lower could see one more tap of the 78.6 at $0.25.
The upside potential is less likely in my opinion but a solid break upwards would take us back to $0.45 - $0.50.
I don't think anything below $0.25 is on the cards, for now.
The weekly fib used to call the move up to $0.75 on Monday is still valid and we are now consolidating on the 61.8.
A breakout of this triangle lower could see one more tap of the 78.6 at $0.25.
The upside potential is less likely in my opinion but a solid break upwards would take us back to $0.45 - $0.50.
I don't think anything below $0.25 is on the cards, for now.
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