The medium trend is sideways/down. Resistance above will be cleared with moves through 1993 (top).
Medium timeframe indicators are showing uncertainty but are close to flipping .
The minor trend is sideways with an emerging tendency. A trade through 1961 will change the minor trend to up. This will shift momentum to the upside.
Short term indicators are showing strength:
-MACD: Cross Up
-EMA: turned , confirming short term momentum switch and are in lign with lower support.
Expecting start of Cycle.
Cycle end time : Minimum: now +8 Hours (TP1)
Maximum: now +48 hours (TP3)
Cycle duration: 8-48 hours
Cycle Targets: 1964.5 ; 1974 ; 1998.6
Disclaimer : No financial advise, only for educational purpose.
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