I believe that the market is now finishing accumulation and we will see localized asset growth in October.
The growth is based on pre-election expectations and upcoming Christmas rally.
In particular, the asset EGLD has a local target before exceeding a couple of tops.
The risk-reward of the medium-term forecast is 1 in 10.
Accumulation for two years from Jan. 2022 in the 38.12-69.64 channel with deviation down, then exit down into the 22.49-38 channel. 12 followed by a return, with a deviation upwards. At the moment the price has gone under the middle line and is in the channel of a pair of hourly levels 46.23-49.41
We are watching for the breakdown of the hourly channel up 49.41...
