Updated Longterm Downtrend Cycles

An update of an older chart, changed a bit the cycles to integrate better in the chart structure and fib channel ratios. More about the chart can be read here The range of the cycle we are in now looks much more similar with the previous ones now and clearer with its downtrend line. If it gets broken, then this is not valid anymore. Good short oportunity in this range with SL in the 233-237 area and target in the low 100s.

Happy trading everyone!