50 % of the previous upmove are retraced and as te prevailing trend is downward we may see a certain further fall of the Pound.
Wejust sawmore than 38 % retracement of the previous upmove. As this attempt to escape the downtrend is not forgotten yet by te market it may be retried.
Whether this is the trend change or not. A higher rate is expected anyway.
Apple broke out of the triangle to the topside which would provide the chance for further gains.
There is still some space to the top of the channel. Taking the present upward pressure into account I suppose that we will reach it.
... however we re rather in a sidewa range. And that's why I think that we may see a retarcement up now.
... through the falling resistance line we may see another low now.
It seems to be a little resistance, nevertheless. Let's look if it holds.
Silver stopped its attempt to reach the top of the downward channel and turned south again.
The price held above the EMA 20 and the rising trendline. Thus we can asume a further rise.
It is nothing, not even a bottom building but some bps on a retracement may be earned.
I try the same game again. We saw a ltlle retracement now and I can imagine another attempt to the downside as the situation has changed rather to be toppish now.