On the 1D we have repetitive consolidation moves, followed by further bullish sentiment.
Consolidation typically lasts 3-6 days until we see a continual push.
However, we may see a 50% retrace as we did on December 19-20th, before further movement.
If a retrace is plausible, we will see yearly lows tested at a range of $1.80 - $2.10, set your buy Limits at that range.
If we complete consolidation within the next 72 hours, expect a new all-time high to be tested beyond $3.30 upwards to $3.50. Set your buy limits at $3.10.
Consolidation typically lasts 3-6 days until we see a continual push.
However, we may see a 50% retrace as we did on December 19-20th, before further movement.
If a retrace is plausible, we will see yearly lows tested at a range of $1.80 - $2.10, set your buy Limits at that range.
If we complete consolidation within the next 72 hours, expect a new all-time high to be tested beyond $3.30 upwards to $3.50. Set your buy limits at $3.10.