Correction to the down side looks like is now completed

Correction to the down side looks like is now completed, we should see a rise to the top of the Green channel on all TF, then a Big Move back down to the other end of the Green Channel, Having said this we NEED to Monitor the MACD or a Rejection Bearish engulfing Daily candle before assuming anything for a possible break-out below the Green Channel.

WE also had a Bullish Engulfing Candle showing on the Daily Time Frame!! So for now we are still going UP




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This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
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