RE:RE:RE:Potential
Hello, I agree with you that the price is way outside the Bollinger Band and will have to come back into it. If you are looking at a day trade then yes you can play the retracements but in the longer term I see this going higher. It is only in week 14 since coming off the bottom Sept. 28/2022, it has long term potential to go to at least week 18 (89 days) or week 55 even longer.
I don't call a retracement value until I see a top put in. At .52 on Friday this may be the top so it would be safe to say there's a pullback coming. I am curious the values you used to come to .45. Thanks, nice to see some technical input on this board, there isn't enough of it.