Thanks for the analysis Charlie. I wasn't aware of that 50%...

Thanks for the analysis Charlie. I wasn't aware of that 50% retrace level on the old Low-High move. I generally don't look back that far. In the short term I see a lot of support in the 21c to 21.5c level and probably won't worry to much until that level is breach on a Close.

I will of course have your analysis in mind as the price action proceeds forward. I think you would agree that being right or wrong isn't the objective, its having a trading plan hopefully with a positive edge that also protects you capital that is important.

However, I do hope that your observation re price action after you post on MOY is a correct prediction of Monday's MOY closing price.