OXT.usd Parabolic launch ran out of fuel, now in Retrace watch

21 Ara 2019

XOZ shot up with two "Parabolic" waves and is now retracing
Looking for supports at confluences of Fibs from two series.
If this was NOT a pump-n-dump, then it needs to bounce soon.

50/51 cents is the obvious first support, round number plus fibs there.
45/46 and 42.43 are next supports but neither will be as strong at 50
38/39 should be very strong support, and is " Bulls Last Stand".

My previous analysis, a heads up of the Parabolic waves:

21 Ara 2019

Not

Got the Bounce but .....

So this bounced exactly where it was "supposed" to

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Fib of the Bounce Pretty strong bounce but it cam all the way back to the 1.236.
Shows lack of follow through, unless bulls can start working back up this fib.

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Fib of pullback after bounce does indicate possible end of this little corrective wave.

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Zoom back OUT to original tf with the new fibs we have an immediate Zone of importance in Blue.
If bulls lose that zone, it becomes more likely to hit lower lows.
If bulls hold that zone, it would allow a rise that could catch eyeballs and make it into a "wave 3".

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In SUMMARY:
- it bounced exactly where it should have, so a good sign for sure.
- but the bounce did not see any follow through and retraced.
- now we have 55/56 cents as the make-or-break level to watch.

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21 Ara 2019

Not

Followup to last pic above ^^

Got a decent little bounce from our newly minted Blue zone in last update Lets see if we can make a new local high from here.

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21 Ara 2019

Not

Next Battlezone already defined

Zoomed IN (1min) and Putting a fib (blue bands) on the last leg up Indicates it should reach the previous local highs (blue 4.236 in confluence with green 4.236).
If/when it gets there, it will be THE battle to determine whether to "more pump" or "start crash" next.

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