$ASM back to $.204-.214

ASM looks like it's in the process of finding a short term bottom around this $.088 range. I could potentially see a capitulation move down to $.082 at the lowest... Then we should see a reversal next week around Dec 21st with a move back up to the top of the structure around $.204-.214.

Let's see how it plays out from here.

Dates on the chart important dates for changes in price action.

Komentar:

Alright, I do see the possibility of a sweep below the lows from here before a move higher. On low timeframes, we got a double top at $.105. If it plays out from here, I could see a capitulation move that goes somewhere between $.049-.07.

I'm currently out of this position. And will wait for a move lower before reentering.