Each of the previous two peaks (waves 1 & 3) inside the rising channel resulted in an approximate $45 price decline in approx 1 year.
Currently nearing top of rising channel (Wave 5) which may present a good opportunity to exit or protect long positions.
Short traders should exercise patience and watch supporting indicators prior to entering new positions.
Currently nearing top of rising channel (Wave 5) which may present a good opportunity to exit or protect long positions.
Short traders should exercise patience and watch supporting indicators prior to entering new positions.
AlgoTrend Capital LLC