Time is running out for the bears, who see a repeat of 2014/15 unfolding on the horizontal. On the vertical, not only has price fully retraced, but the pattern between the corrections look quite different. Short/ medium term outlook is further sideway consolidation.
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If bears were but to meditate for a moment on the following fact, that the previous cycle was of a magnitude 5X larger, I doubt they would continue long in their bearishness.
