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Currently we are on a small pull back in our downtrend channel and have meet the medium line. Two things can happen, it can push us down and countinue its descent or use this medium line as a launch pad and push us into supply and top of trend line and then start its descent.
I believe it will launch its self up into supply because its has two solid demand zones on an uptrend and looks like it is forming another as we speak and will use that to launch.
Currently we are on a small pull back in our downtrend channel and have meet the medium line. Two things can happen, it can push us down and countinue its descent or use this medium line as a launch pad and push us into supply and top of trend line and then start its descent.
I believe it will launch its self up into supply because its has two solid demand zones on an uptrend and looks like it is forming another as we speak and will use that to launch.