I see a clear long-term pattern developing.
First we had a strong parabolic advance, which once breached, lead to range bound trading for ± a year.
Then we had another strong parabolic advance, which once again breached, appears to be leading to range bound trading again.
I will keep a careful eye on how this develops, to see if there are any signs that a new advance is developing, but based on other TA, I suspect we will remain with this range for the foreseeable future.
First we had a strong parabolic advance, which once breached, lead to range bound trading for ± a year.
Then we had another strong parabolic advance, which once again breached, appears to be leading to range bound trading again.
I will keep a careful eye on how this develops, to see if there are any signs that a new advance is developing, but based on other TA, I suspect we will remain with this range for the foreseeable future.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.