For my long term outlook of the end of last year see link below:
I believe we are currently correcting the first impulse of a new bullish cycle. I will therefore be looking to add to my long term long positions. Price is closing in on the '16' area which might trigger the reversal. However it is too soon to tell whether the whole consolidation is already over or whether we only saw the first corrective leg by means of a wave 'A'.
updates will follow
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www.youtube.com/watch?v=HvmWTm4f...
updates will follow
www.timstuyts.com
facebook.com/timstuyts
www.youtube.com/watch?v=HvmWTm4f...
Comment:
We saw a nice reversal from the projected zone for either wave or a completion of the overall correction. I prefer to see another leg lower. Updates will follow during next weeks trading session but like I said I expect another corrective leg lower before we accelerate higher long term.
