Price breaking back below $0.79 indicates further that the recent upside is corrective. This means we should see another impulsive move to the downside.
Price action from June-August is clearly a 3 wave corrective move. $0.36 would take us to the next clear price support level from the high of the wave 1 of smaller degree.
Definitely would be a great buying opportunity though.
Price action from June-August is clearly a 3 wave corrective move. $0.36 would take us to the next clear price support level from the high of the wave 1 of smaller degree.
Definitely would be a great buying opportunity though.