A 6moths MODE,is unwinding following a 19month mode. Price-wise, the trend has expired, but we still have one more month to go. Time expires by December close.
The uptrend failed to confirm, followed by a renewed downtrend. By Implication, MARKET IS BALANCED on the weekly. This signals a big move underway, whichever, bulls/bears win the fight.
Range expansion out of 5days MODE.
In 3 days from now, price must reach 0.730000 to keep this new uptrend going.
It is important to note that, last Friday rally ended around the current monthly downtrend MODE which is still building up.
Important levels to reload longs
50% RE( 0.71637) and 75% RE(0.71369)
Invalidation for long
0.711000=daily uptrend mode
TIME EXPIRED YESTERDAY