just made a new low. Today — 80.46, below Tuesday’s 81.34.
Honestly, it’s been the same story since the beginning of October. 121 on October 4, then 105, then 95, then 88, and now — a little above 80. After each bounce, the price gets sold off again, each time a little lower than the previous one.
Yesterday’s surge to 85.85 was the latest bounce like that, and it lasted about a day.
In my opinion, nothing will change until the daily close is back above 86. If the daily close falls below 80, my next target will be around 75. For now, I’m not trying to catch the bottom.
Honestly, it’s been the same story since the beginning of October. 121 on October 4, then 105, then 95, then 88, and now — a little above 80. After each bounce, the price gets sold off again, each time a little lower than the previous one.
Yesterday’s surge to 85.85 was the latest bounce like that, and it lasted about a day.
In my opinion, nothing will change until the daily close is back above 86. If the daily close falls below 80, my next target will be around 75. For now, I’m not trying to catch the bottom.