has been on a downtrend since 2015. It looks like it has now completed its ABC
correction right to the 78.6% retracement
mark. There is a five wave pattern within it's most recent downtrend, shown within the dotted downtrend channel
. As TLS
has now looked to have completed its ABC
correction after a strong run up from 2010 to 2015, it looks to have now started a new market cycle. Be on the look out for the downtrend channel
to be broken and for the trend line
to be a possible new support.