Looking the weekly chart, we see that the longer term move is downwards.
Also placing a band over the tops and the lows, we can see that the monthly pivots of April and March are still not hit.
counting candles between the earlier points, it can take about 8 weeks before it hits the lower line.
Lets cross fingers and simply wait for the ride.
Also placing a band over the tops and the lows, we can see that the monthly pivots of April and March are still not hit.
counting candles between the earlier points, it can take about 8 weeks before it hits the lower line.
Lets cross fingers and simply wait for the ride.