$3.61 to $1.45 is about a 60% retrace (very STVF-ish) so I suppose it could be the bottom. However, if you don't catch the very bottom, your bounce upside is only about 30-40%. The way this playing out, it won't be safe to buy until there's a confirmed green day. Hopefully, they are just trying to sucker in longs and make them panic for the push lower.
Re: Man I hope this 1.40-1.50 area isn't the bottom. The steeper the fall, th...
Re: Man I hope this 1.40-1.50 area isn't the bottom. The steeper the fall, the ea...yeah, the chart feels too choppy for this to be the start of a nice big bounce IMH - usually the straight downs respond much nicer. This just creates uncertainty and more scalping. Hell, maybe this was all just a dip for the eventual LEXG $10 pop though??
Unless we get much more fall, I expect I will just sit and watch it. I made good money and this kind of pattern is where I usually give back. I need to break that habit and stay away from what I'm not good at!