Weekly chart:
By now, a valid downtrend is present in this trend size. This downtrend hit the 20 LP from the monthly chart from below and ricocheted back off, and now seems to be moving into continuing the downtrend.
Daily chart:
In the daily chart we can see the same trend. Here, too, the chances are also rather on the lower side.
Hourly chart:
By now, the trends are alternating with a nice regular frequency. We are currently trendless in this trend size, since the last downtrend was broken and no new trend has developed yet. For the moment, therefore, the sidelines are the best bet.
I hope you will remain favorably disposed towards me and always remember: the journey is the reward!
All the best
Markus Gabel
Head of Sales/Trading
AgenaTrader/TradeEscort
AgenaTrader Trading Software
AgenaTrader Trading Software
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