We have retraced the decline since April 8th by over 50% and at the same time reached a hidden resistance which was the Summer low of 2022.
This allows the conclusion that the March-April double top may have formed the end of the attempt to turn around the downward trend existing since November 2021.
The present rise thus may be seen a an exhaustion already and the downward trend may be resumed.
This allows the conclusion that the March-April double top may have formed the end of the attempt to turn around the downward trend existing since November 2021.
The present rise thus may be seen a an exhaustion already and the downward trend may be resumed.