we're looking to finish the abcde structure to the downside before we make any updside gains. The h/s pattern is also pointing to the initial drop with sustained bearish trend to follow.
The H/S should take us down to low .80 cents region. It's likely that we dip further. Levels to watch will be every 5 cents down from 80. 75, 70, 65, 60
The cup was fully formed at $1.15 level. The handle is forming now.
Key resistance zones:
$1.20
$1.25
$1.50
There will likely be sideways and volatile movement at each point
