Publishing this on the Daily scale as well.
Price needs to find support at the .50 and then the .618 fib levels to move up to the target at 1.618 extension .
Appears to be currently in a falling wedge with a $12.50 bottom which is also the .618 level of the recent price action.
Will be a challenge with the current market conditions but technical indicators show promise.
Price needs to find support at the .50 and then the .618 fib levels to move up to the target at 1.618 extension .
Appears to be currently in a falling wedge with a $12.50 bottom which is also the .618 level of the recent price action.
Will be a challenge with the current market conditions but technical indicators show promise.