There are other ways to count $TREE, including that today was the bottom, but this is the less aggressive count, so I will adopt it for now because in both instances, a rally should upon us now. I will observe the behavior of that price action in order to try to determine which of the two is more likely as we move along.
[UPDATE]: Instead of rallying as expected, it sank to a new low, then rallied, but I don’t really the price action here. That may simply have served to reset the RSI prior to even more selling. Since we’re close in price to where we were when I first made the last call, i will file this under “Cancelled Calls.” I will need to monitor the price action from here prior to making a new call.
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