AS we can see in the chart, there are 2 intersecting lines wich are corresponding to the maximuns and minimuns since the last breakdown, after they intersect, a short period of lateral market will follow and then will breakdown again to the value objective of 74/78$ range.
When this event happens we will consider that we are very close to create the souble-bottom chart figure I suggested in my last publication and the changing trend, but, anyway, I have to see what happen after this and make another short period evaluation like this one to consider if we will have another breakdown or we have a changing trend.
When this event happens we will consider that we are very close to create the souble-bottom chart figure I suggested in my last publication and the changing trend, but, anyway, I have to see what happen after this and make another short period evaluation like this one to consider if we will have another breakdown or we have a changing trend.