This post is where I try to read the market based upon my limited knowledge.
I´m as always hoping for some feedback, or discussion etc. so that I can gain some more knowledge.
My idea is written in the chart.
Best regards -
On the monthly chart we seem to be getting on the upper side of the long term trend as shown in graph below. The 20 month SMA might be the place where the retrace is around the corner. Will be following with great interest. Interestingly enough the 50 month SMA, almost barely formed, seem to be a support sone. Perhaps something to keep an eye on for the future.
On the weekly all seems fine. Hit new GANN-level at almost 9000 $, so we might see some changes, or it just do with the GANN, i am trying to learn, as in the OP-chart.