If the way i've drawn the channel holds true, then the bear could have a say until price hits the channel bottom as a support @1700 which coincide with monthly pivot point.
Exact timing of hitting ~1700 is unknown, but if the next three months is a down month, channel bottom could be hit as early as Jan 2015, if not, it would be around Apl-May 2015
Besides, there is a need for a tracement from channel top to bottom to form a bull flag for the uptrend to continue.
Exact timing of hitting ~1700 is unknown, but if the next three months is a down month, channel bottom could be hit as early as Jan 2015, if not, it would be around Apl-May 2015
Besides, there is a need for a tracement from channel top to bottom to form a bull flag for the uptrend to continue.