Just thought I'd get my call in early <><>
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We're approaching a crossroads between 2 charts
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The weekly candle opened outside the tube-like arc pair but has been pulled back in the channel - We have the red line you can see is the 1x1 Gann fib ray of the future chart, this may provide a bounce
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Lets see what happens
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Looks like an exact hit on the convergence of the upper major trendline, the edge of the arc and the 1x1 of the central future chart <><>
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Higher ascending support, a higher low - There has been a very subtle shift from one layer of ancient support to another, prices area about to increase
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Spot on strike on the intersection of 3 lines - We will go up
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These arrows looking increasingly more likely
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seeing these arrows as likely now
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Looking good - The candles need to escape the Arc Pair and the 45 degree red line coming from left to right -
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Nice hit on the arc with this weeks candle - My arrows have had to change :P but the chart is playing very well and the candles are trapped accurately in the arc pair - I'm hoping for a change of direction in this arc crossroads the same as happened previously
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lets see if this reversal continues up the arc pair
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If the price continues to rally from here then next weeks candle will open in the ascending arc
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Starting to look promising...if the next candle can open in the ascending arc pair...
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We're out the the descending arc as the price is reflecting - The candles will either push into the ascending arc or track up underneath it, either way i believe we will go up for some weeks now
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See if we can get thru the resistance of what was previously the uptrend
Comment:
Resistance smashed
