Couple candles added, and its now a bounce. 3.6c was first...

Couple candles added, and its now a bounce.

3.6c was first resistance. I was expecting a pull back here as that is great profit in 3days for people who got in at 2.5/2.6. Sure enough intraday dropped hard back to 3.1c. A 50% Fib retrace. Intraday then bounced to 3.7c and closed at VWAP of 3.5 after 18mil traded. I thought thats pretty good... but im no Hokusai!

That could be wave two inside todays candle, meaning we should proceed to next resistance at 3.9/4.0c next couple days. These also look like the trend resistance values to. This should be wave 3, and if true, resistance will break and hit 4.1c, or more if its an extended wave.

Alternative is, 3.9c doesent get hit and traders sell out blowing out below 3c. Two things i see that make this unlikely. 1, upcoming PFS. 2, several large buys and line wipes today.

Couple more candles and we will know... much less stress holding then trading