On the above weekly chart price action has corrected 95%. A number of reasons now exist to be bullish, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance.
3) Trend reversal.
4) The target forecast is for a 1400% move to the $4.70 area as measured from the falling wedge.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Timeframe for long position: This month
Return: 1400%