Price will make one more down move or break the descending channel very soon. Price should rise to 50% fib at .75 before falling. The yearly outlook for this year is bullish. Longer term...price will break this channel (green) bearish.
Note
Price has continued bullish last week breaking the pattern but not the forecast...still waiting for the fall
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.