Fil is now currently trying to build support on top of the 8.40ish-9.30ish critical support area. This is on top of the large accumulation area that it has faced for its market cycle bottom.
We hit a 1.618, and corrected down to a .786. Now I expect us to take a shot at the 4.236, which is around $20.00. I think that we get rejected there, face a small correction down to around 14 dollars - and then ultimately build support on top of the critical support/resistance around $17.40ish. Then from there we will likely go for the parabolic top.
We hit a 1.618, and corrected down to a .786. Now I expect us to take a shot at the 4.236, which is around $20.00. I think that we get rejected there, face a small correction down to around 14 dollars - and then ultimately build support on top of the critical support/resistance around $17.40ish. Then from there we will likely go for the parabolic top.
