has breached the Yearly S2 again at 1,0833. Bears are trying
to put in a monthly close below Yearly S2.
Currently, trading inside the cloud and we may see a test
of the lower Kumocloud support/Weekly S1 and the 61,8
fib retracement of whole upswing from multiyear low, at
1,0740-50. A smaller ABCD is completed by the Monthly S3/
daily S3 around 1,07. The testing of Weekly S1 will be
important for short term trend. A weekly close below will
imcrease chances for a resumption of the trend.
The projected kumocloud is still wish adds strength
to the lower kumo . Also retail sentiment
remains weakly net , giving an additional bias short term.
A Monthly close above yearly S2 and daily pp can be the
start of an attempt to breach the kumocloud and complete
the larger ABCD at 1,12.