UCAD getting low, but how low can it go?

Chart says it all. Many areas to take profit and also to catch counter trends.

We may may see one more trip to the mid line of the current channel, but soon it will break and when it does it will be strong.

Kommentar:

It looks like we will be attempting a retest of the midline before we turn around

Kommentar:

So far this is what we expected, now will we get chop here at this first support level or will we plunge through?

Kommentar:

Textbook... we are breaking through a level of support watch for consolidation and then a break through then a retest.