Well, further to my previous (correct) prediction of a ~40% correction, I personally, I don't believe it's quit done yet.
As always, I could be wrong, or slightly out from my projection, but I do think we'll see a small rally before we continue down to the $8 - $10 area.
Smarter traders than me could skim 50%+ gains from this small impulse before the next leg down and maybe regain some losses.
I did (loosely) use some of what I've learn from Gann theory to pick the event time frames, maybe I'll be completely wrong but we'll see.
I'm still learning so even an incorrect guess will help to correct my understanding.
For me personally, I'll be waiting a little then buying in around my buy area.
Remember, I'm not a financial advisor so please ensure you do your own research.
Happy Trading
As always, I could be wrong, or slightly out from my projection, but I do think we'll see a small rally before we continue down to the $8 - $10 area.
Smarter traders than me could skim 50%+ gains from this small impulse before the next leg down and maybe regain some losses.
I did (loosely) use some of what I've learn from Gann theory to pick the event time frames, maybe I'll be completely wrong but we'll see.
I'm still learning so even an incorrect guess will help to correct my understanding.
For me personally, I'll be waiting a little then buying in around my buy area.
Remember, I'm not a financial advisor so please ensure you do your own research.
Happy Trading