$IEA funny how people rule out the possible. The 50ema on monthly is at $8.20. I'm not saying it's going there but never rule out the possible. Monthly chart here shows bottom of Wave 4. Fully expecting to see $25-30 here at peak of Wave 5. Still, if you think a move to $8.20 is completely out of question you haven't been around long enough. No I don't think it's going to happen but it IS possible. Never say never. As it is I think $12.60ish is bottom. But let's not close the month under the 9ema on the monthly or odds of $10 or less increase substantially. Bullish. Low odds of such a price collapse. Looking for re-entry at $12.75, ride to $15-16
15
4
4 Likes