Despite the general bearishness and the below 20 cents targets formulated by the bears....
I say we probably have seen the bottom of the recent downturn !
We broke out of the parabola and made a successful backtest of the broken long term downtrend (now support) line !!
This level corresponds also to the 0.61 fibonacci retracement of the recent parabolic move that took us from the lower apex to the spike high of the parabola !
I say we probably have seen the bottom of the recent downturn !
We broke out of the parabola and made a successful backtest of the broken long term downtrend (now support) line !!
This level corresponds also to the 0.61 fibonacci retracement of the recent parabolic move that took us from the lower apex to the spike high of the parabola !