Correction of Downtrend
With 4hr MACD crossing imminent, there is the possibility of more upward movement today.
However make no mistake, since deposits in China are still broken this probably won't go anywhere as high as plotted out here, this is just my most optimistic scenario. As soon as this intermediate uptrend weakens I believe we will see new lower lows (<400 would not suprise me).
However make no mistake, since deposits in China are still broken this probably won't go anywhere as high as plotted out here, this is just my most optimistic scenario. As soon as this intermediate uptrend weakens I believe we will see new lower lows (<400 would not suprise me).
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