Price is coiling up for the second half of this fractal pattern (Rally C) and I'm looking
at a bottom some time around February as the last pattern took off around the same time
The reason for this forecast to hit the Demand level again is because of the divergence move
seen on the Trend Reader, and the fractal pattern itself calls for a retest back to demand
Long term EMA is projecting flat readings for the future and this can also give us a signal for
price to slam back down.
Trend Reader
The Short Term Signal Line is racing back to the oversold zone and once the crossover takes effect we should see price shoot back up
Looking back at the Long Term Signal Line its projecting that long term momentum is dying off
and that after we hit this next high we can expect price to selloff like shown before with
the last divergence pattern.
Targets
7.7 Cents
13 Cents
16 Cents