Continuation !
The 2nd Variant:
The 2nd variant in my point of view at the present moment consists of two variants.
The 2nd variant of the course of events refers to as the notorious 4th wave can take as a simple correctional formation ABC, so as a variably complex formation ABCDE ( other variants are also possible and at the present moments it is very difficult to say how the wave structure will be formed there is no structure), two variants in the simplest way I have tried to show on the chart, as I see them at the moment
Both two variants reflect more possible, classical variants of correction development in 4 waves, taking in consideration the rules of interchanging etc. 😉
Conclusion:
The chart from the technical point of view tells that the price is tapped in the bearish trend, in the sideway movement, in the range with the upper limit of 60 $ and with the lower limit of 10-15 $.
In my opinion such situation will continue for the following 6 or even 10 years, with the call to the lower limit.
The fundamental image also approves at the present moment this variant of the course of events in accordance with energy alternative types development!
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Important!
Once again for understanding, the wave structure, patterns, and graphic models tend to change or change the structure, therefore confirmation is important.
The author does not sell anything! He does not give signals to enter or exit a deal!
Does not take funds into management!
Does not educate others on a paid or free basis! Well and so on 😉
Remember!
Forecasts of financial markets are the private opinion of the author.
The current analysis is not a trading guide.
The author is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.
