The price had a wee bounce in the middle point of the cycle
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The blue line has been being support and resistance for the last 10 months, is an intermediate line
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There is a lot of weakness in the price to recover. The current cycle could finish around 23rd August (30-day cycle) or could extend for 20 days more as it happened in the previous downward cycle (50-days cycle/ 12th September)
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This is a bar pattern copied from the past downward cycle. The price has dropped lots, maybe a sideways trend before the next move. The bar pattern fits in that sense.
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The blue line has been being support and resistance for the last 10 months, is an intermediate line. The blue line is resistance
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This is a bar pattern copied from the past downward cycle. The bar pattern fits well maybe a fractal..... ://
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This is a bar pattern copied from the past downward cycle. The bar pattern fits well maybe a fractal.....
Thanks in advances
Have a great week.
Trade well and trade safe.