I hate to be the contrarian, literally all the time… But I still believe this is possible, even if extremely unlikely. Might not make a new low (although still possible), but it would not surprise me to see low $1 range, $1.12-1.15 range once more at least imo. If we see it, it would either be on a weekly or monthly close, with the month close being extremely green. It would make a lot of sense for this week to be a massive bearish candle, with next week completely reversing it (to close month with a nice long wick, clearing out any stop losses below from this recent rally while maintaining bullish structure). Extremely quick and painful for traders, but aggressively bullish after.
Jay NisbettShare
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