Using same technic as with my previous TA here a new idea of the possible pathS. We don't have just one this time but 3 channels. Actually only 2 major in play as we speak and the confluence, reason why everybody clueless about the direction it will take.
My pick is channel 2 in purple, so likely to break channel 1 in yellow and rebound from actual area to test 0.37 maybe 0.40 resistance.
Why this pick? Counting the wave to bottom gets me to incoming wave 4 before grand final. Even if the count is incorrect, it makes sense price will retest August action before going lower. We could see 0.20 and even 0.11 (some are going for 0.08). But that remains to be seen.
For now keep an eye on 0.28, december 11th might be a good long opportunity. Just dont be hasty. A break of the pale red line below would mean immediate deep to .20 or even lower, validating Channel 2 in yellow.
Good luck all!
My pick is channel 2 in purple, so likely to break channel 1 in yellow and rebound from actual area to test 0.37 maybe 0.40 resistance.
Why this pick? Counting the wave to bottom gets me to incoming wave 4 before grand final. Even if the count is incorrect, it makes sense price will retest August action before going lower. We could see 0.20 and even 0.11 (some are going for 0.08). But that remains to be seen.
For now keep an eye on 0.28, december 11th might be a good long opportunity. Just dont be hasty. A break of the pale red line below would mean immediate deep to .20 or even lower, validating Channel 2 in yellow.
Good luck all!
