This is a repost of a long-term channel I posted about in June, at
My prediction was a bit off, but it seems that we're once again back in that channel. Depending on the market we have several upwards triangles on the weekly chart where price could break out, ending at 30 nov 2016, 20 feb 2017 and early june 2017, approximately. If none of these hold I'd concude a trend reversal to the downward direction.
My prediction was a bit off, but it seems that we're once again back in that channel. Depending on the market we have several upwards triangles on the weekly chart where price could break out, ending at 30 nov 2016, 20 feb 2017 and early june 2017, approximately. If none of these hold I'd concude a trend reversal to the downward direction.