Blu is due a yearly low price, 9 May 2022 is plausible but not ideal as price has retraced most of the gains since then (black arrow). A strong cycle is one where higher lows take place for longer. If Blu can go lower than black arrow it would be most ideal setup for a thrust higher to recent highs.
A double bottom on the green arrow is next best thing but would need careful & further analysis on a daily time frame to ensure profits are not evaporated before taking them.
A double bottom on the green arrow is next best thing but would need careful & further analysis on a daily time frame to ensure profits are not evaporated before taking them.