04-07 was the ideal timing for a low, which proved to be correct.
From a cyclical standpoint, we need to break and close above the cycle-derived resistance line before a move toward new highs can be expected.
Why do cycles work? Because they define the natural boundaries of price energy. Just like everything in the universe moves in cycles, so does price. Mapping these cycles reveals order where there once appeared to be chaos.
Keep in mind that the potential for a larger FALSE MOVE to the downside still exists.
From a cyclical standpoint, we need to break and close above the cycle-derived resistance line before a move toward new highs can be expected.
Why do cycles work? Because they define the natural boundaries of price energy. Just like everything in the universe moves in cycles, so does price. Mapping these cycles reveals order where there once appeared to be chaos.
Keep in mind that the potential for a larger FALSE MOVE to the downside still exists.
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.