Ok, so I examined how this downturn back to the long term trend support is different from the previous one. Lots of lines, circles, rectangles here but, after much deliberation, came to this conclusion. Previously, when the IHS was to complete , it failed and did not, it turned down yet again to the neckline of the large double top now formed. This time, we are half way to the completion of the neckline on the right shoulder of another IHS, happening along the same frame as the previous failed IHS. SO THE BIG QUESTION IS, does it complete the IHS to approx 114,25, or does it also fail, and repeat then the down to the neckline or at least the new long term support line (large blue lines). What different? Look at MACD and RSI, and note the subtle differences, which may not also complete. Can't say what will happen, but pretty sure about when. Today, and the next few days will tell. Are the Russian convoy or trucks filled with medical and food, or guns and amo. This might be the tipping point, one way or the other. Bold statement for sure, either way. And watching ECB for huge stimulus next meeting, and BOJ , will they sit on their hands, or will they find yet another stimulus rabbit out of the hat?
