Beware of bears, most people think... While I am thinking - beware of falling wedges ! the formation you're seeing is an ending diagonal (falling wedge) in a bear market . More info on: stockcharts.com
The chart analysis has two parts - a fractal and Eliot wave pasterns . 1. The Eliot wave formation is called a "Complex Correction With A Small X-Wave". www.topratedforexbrokers.com 2. We have a clear fractal pattern, each smaller than the previous one. after completion of the 3rd one, i expect the price to take north. Let me know what you think.