1) On Sept 4th 2015, Price has hit the Monthly and started doing
2) On Sept 4th,2015, the Price has also hit Monthly/Weekly Support ~1.51658
3) Looking at , it is still in a mode
Based on this, long term the price might only continue to increase toward Monthly ?
I just looked at the chart again and I saw that the 2008 market crash came down to this Monthly support trendline and was rejected to continue lower. Have noticed before. Regardless, it helps with the other rejections of May/June 2010 and also March to July 2013 to show that the price seems to respect this bullish trend to have the cable pricing return to a "normal" status to be within the range between the two dotted red lines (Resistance/support).
Looking also at Jan to May 2015, the latest rejection of the price which is clear to me that the buyers wants to give a shot.
My invalidation rule are:
A) IFthe Price breaks these two supports
B) And IF also Price breaks the last LL of May 2015 (1.4568)
C) And IF no rejections again
THEN we're good.
Of course, I'm no expert and past prices and trends aren't what we could see in the future but it is remarkable how it supports it.
Do you have other analysis ?