common gap or breakout gap? keep in mind 1/15 split
Poised to go higher (fundamentals), 87.62 could become the new price floor for acacia
The make or break line? 46.04 to complete the inverted head and shoulder pattern. if support holds, next resistance levels = 46.63, 47.6, 49, etc
call it as pre fifth wave. one more downtrend before correcting higher imo. best, matt
Trade between short term .618 - 1 and long term .5 - .382
It's not hard not make money with CRC, even without a roundlot. In this case, price is ABOVE the .25 of the previous trend, suggesting an end to the downward wave. A pullback to the .618 would be preferable, particuarly given short interest, but with price above the 50/100/200 MAs I would buy around the 100 MA (11.92). If it sinks lower, just cover using fib...
Bearish Harmonic pattern, decreasing MA's, lower highs/lows, oil optimism, close below long term .381 retracement ( no support from .5), am i forgetting anything? Be careful friends.
Looking for gold to move to 1.618 of a before going higher