If anybody was thinking of picking up a few shares now is the time to think harder. Of course price could go lower but you just have to take you best shots. demand zone 88-92
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A little follow up here. Do you see how the price finally broke down from that demand zone. when that happened we can see that at that point the buyers dried up and there where more sellers. That created a little supply zone. When price comes back up to that zone we can expect a down reaction because some sellers are still waiting to get filled. The drop when it gets back there may only last a few minutes or days. The point for us would be not to buy in the $92 area for now. If price gets to $93 we know that the sellers are gone.
Try to use logic when you consider that buyers and sellers are real people making real trades. I have no problem believing the price will go much higher. I also understand we will have corrections along the way.