HEX .28 is INTERMEDIATE level
HEX did well ,breached our 0.24c SL . Our imediate next target was 0.28c (already reached yesterday)
As we speak ,price is resting at daily BB upper line& REtesting the long term downsloping BLUE line .This happens when trend is STRONG +
However ,the daily!! BEAR !! DMI is closing at 12 (under 10 is usually a strong REVERSAL sign-NOT good for the bulls)
Where price will go from here? Easy ! We throw a FIBO from swing low to swing high and we see:
.23 fibo is at .277 cents
.38 fibo is at .267 cents
the big one .618 is at roughly at 18cents ...
NOW ! on extremly strong trends price retrace to .23 FIBO(we are currently on that !!!!!!) ...on STRONG trends price will retrace at .38 FIBO (0.267cents)
Once price will close under 23 cents ,we are looking to 18c . (this price level is .618 FIBO ,bulls FINAL "hopium")
If .18c is breached ,our final target will be meet :0,08c (roughly -60% DOWN and 80+% from where we are now)
Conclusion:
Daily candle close above .29 should send HEX at LEAST to .36cents (.40cents possible)
Daily close above .26 NEUTRAL/BULLISH
Daily close UNDER .23c , IMEDIATE bearish (first target .20 then .18c)
Under .18c EXTREME bearish and capitulation===> TARGET 0.08c
Overall BULLISH if price starts to close under .23c ,BEARISH
Easy!So easy!
As we speak ,price is resting at daily BB upper line& REtesting the long term downsloping BLUE line .This happens when trend is STRONG +
However ,the daily!! BEAR !! DMI is closing at 12 (under 10 is usually a strong REVERSAL sign-NOT good for the bulls)
Where price will go from here? Easy ! We throw a FIBO from swing low to swing high and we see:
.23 fibo is at .277 cents
.38 fibo is at .267 cents
the big one .618 is at roughly at 18cents ...
NOW ! on extremly strong trends price retrace to .23 FIBO(we are currently on that !!!!!!) ...on STRONG trends price will retrace at .38 FIBO (0.267cents)
Once price will close under 23 cents ,we are looking to 18c . (this price level is .618 FIBO ,bulls FINAL "hopium")
If .18c is breached ,our final target will be meet :0,08c (roughly -60% DOWN and 80+% from where we are now)
Conclusion:
Daily candle close above .29 should send HEX at LEAST to .36cents (.40cents possible)
Daily close above .26 NEUTRAL/BULLISH
Daily close UNDER .23c , IMEDIATE bearish (first target .20 then .18c)
Under .18c EXTREME bearish and capitulation===> TARGET 0.08c
Overall BULLISH if price starts to close under .23c ,BEARISH
Easy!So easy!
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