Simple Price Action:
Fact 1. Consolidation of 18 weeks above the mid-level of the descending price channel. Breakout of price to south. SO, WHERE PRICE IS LIKELY TO GO?
Fact 2. Monthly & weekly MAIN and DIRECT trends are in HARMONY in downtrend thus acceleration of price is anticipated.
These are current FACTS printed on the chart. Markets are uncertain… if new data enter the chart that could alter the analysis then we automatically adjust accordingly.
Fact 1. Consolidation of 18 weeks above the mid-level of the descending price channel. Breakout of price to south. SO, WHERE PRICE IS LIKELY TO GO?
Fact 2. Monthly & weekly MAIN and DIRECT trends are in HARMONY in downtrend thus acceleration of price is anticipated.
These are current FACTS printed on the chart. Markets are uncertain… if new data enter the chart that could alter the analysis then we automatically adjust accordingly.
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.
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.