Hello friends!
I've been waiting to see how the current retracement would shake out before updating forecasts on the next leg up and price targets for June.
Unfortunately, we will need to wait a bit longer. The current bearishness has not reversed yet. Indicators in all timeframes in the next week or more show downward momentum. Until there is a reversal in a few of these timeframes, it will be difficult to predict when the next leg up will occur.
In this video I make some guesses about how and when the current shakeout will end, and what that could mean for prices in June.
Please take this forecast as very preliminary until we get more concrete data when a reversal is indicated.
Good luck and good fortune!
I've been waiting to see how the current retracement would shake out before updating forecasts on the next leg up and price targets for June.
Unfortunately, we will need to wait a bit longer. The current bearishness has not reversed yet. Indicators in all timeframes in the next week or more show downward momentum. Until there is a reversal in a few of these timeframes, it will be difficult to predict when the next leg up will occur.
In this video I make some guesses about how and when the current shakeout will end, and what that could mean for prices in June.
Please take this forecast as very preliminary until we get more concrete data when a reversal is indicated.
Good luck and good fortune!