As I was doing my technical analysis, I noticed a reoccurring pattern in this currency pair. The period between each upward movement in price is exactly 47 days.
If this observation is meaningful, then we should see an upward movement in the price of SNT on the 21st of June, which is today. Additionally, price movement usually peaks at around ~50%. Although this sounds nice, it is entirely based on general observations and should not be considered trading advice. Please do your research, and I wish you the best of luck.
We can observe how there are 2-3 red candles followed by a reversal candle before each upward rally.
Volume has also decreased, similar to how it has previously, representing some sort of compression.
I would deem my observations invalid if we do not see an increase in price and volume by the 24th of June.
As a disclaimer, these opinions are honestly based simply on a 'hunch' I have.
I appreciate your comment!
In your opinion, what could invalidate or validate the Idea?!