hate to say it.
But we have more downside... be prepared.
i would say the more likely scenario is we run to high 18s... low 19s this week.. and just drop off the face of the earth.
I see it being aggressive. an " emptying of the tank" for the bears.
looking to enter under 10$ for some long calls.
I would be willing to say if we run up this week and then drop... the bottom will be around 8 dollars.
But if we open and fall,, then the bottom will be under 5$ ..
Does this have to play out?? no... but it is something to keep your eye on...
Trend is your friend.
The daily candles we have been seeing have been tiny, i want to see a BIG aggressive red candle to see the end of the trend.
Needless to say... this trend will end with a W. Waiting for the re test and a hold of the bottom to entry.
Good luck.
i would say the more likely scenario is we run to high 18s... low 19s this week.. and just drop off the face of the earth.
I see it being aggressive. an " emptying of the tank" for the bears.
looking to enter under 10$ for some long calls.
I would be willing to say if we run up this week and then drop... the bottom will be around 8 dollars.
But if we open and fall,, then the bottom will be under 5$ ..
Does this have to play out?? no... but it is something to keep your eye on...
Trend is your friend.
The daily candles we have been seeing have been tiny, i want to see a BIG aggressive red candle to see the end of the trend.
Needless to say... this trend will end with a W. Waiting for the re test and a hold of the bottom to entry.
Good luck.
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