Advanced to new channel.
Updated
Monthly we are going up towards the top of falling channel.
Short term up, long term down.
Weekly we are still in a retracement of a down trend (extension).
Short term are going up, long term we are going lower.
This is a retracement after first break out down so after first extension down.
On daily broke up over the previous raising channel continuing forming another extension.
Now we are on top of the most frequent channel with some down space.
Short term down, longer term further up as long as we hold the channel.
On H4 we are at the top of the new channel and short term I anticipate a retracement from this high. Long term still up, not from here, from the retracement.
Short term up, long term down.
Weekly we are still in a retracement of a down trend (extension).
Short term are going up, long term we are going lower.
This is a retracement after first break out down so after first extension down.
On daily broke up over the previous raising channel continuing forming another extension.
Now we are on top of the most frequent channel with some down space.
Short term down, longer term further up as long as we hold the channel.
On H4 we are at the top of the new channel and short term I anticipate a retracement from this high. Long term still up, not from here, from the retracement.
Comment
W1: Comment
D1:Comment
H4:Comment
H1:Even tough we are high, I don't see any signs of weakness, yet.
Comment
All according to the plan right now.H1:
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