XL - Will Hit $0.5!!! 😵

The chart that apparently no-one is interested in except for craic has been one of them most interesting charts for practicing techniques.

The highlighted area with 2 dojis is a retracement and it reveals that a phi or equidistant related continuation will follow. And that means it should move passed this middle band of fibs all the way down to the 1:1 @ 0.62 which will probably mean it will tag the 1.618 long range fib down at $0.47.

Also notice that price is leaving the pitchfork , - this is an indication of selling climax and bottom arriving imo.

I will be watching middle band fibs as price has not crossed yet, but this is going to $0.5 I think and what a buy it could be for a BIG bounce.

See you at $0.5

Not advice.

Kommentera:

Keeping an eye on XL here - if it drifts across the intersecting channel and even as far as the yellow pitchfork median line then that could change things.

Kommentera:

Close to my 0.5 target XL has had a 30% pump after a good earning report! Is now one to watch but i'd like to see it settle and see if it can get out of this channel 🧐