formed another smaller wedge
inside of the big on one the left. So it is still moving inside the long term plan. Previous analysis a suggested another drop
would happen, which it did. It bounced up and down a few times, but eventually took another drop
. Was difficult to judge what it would do on that low time frame. That's why having a plan is important but also knowing if you play the low time frame or long one.
I did not want it to drop
below the green, keeping that long term support intact. Now we can still see a double bottom
form, meaning coming week or 2 we will go test the low again. But the wedge
on the right suggest the market wont wait for it. Target of the wedge
is around 15.3, so if that gets reached, we will very likely have set the low for the coming months.