UC is setting up for multi step drop over a period of months I predict coming from the high created by the COVID pandemic.
Any time this week and maybe at time of writing another step down will take place. From signals I read it may be quite a big one too.
On the chart I marked some levels it may halt its descent and consolidate until continuation. Nothing guarantees it will do this or go there at all. As always it's just an idea and I am pretty confident it is going to multi-step drop because of UJ Seasonality and likely to end its journey somewhere Oct-Dec this year.
Any time this week and maybe at time of writing another step down will take place. From signals I read it may be quite a big one too.
On the chart I marked some levels it may halt its descent and consolidate until continuation. Nothing guarantees it will do this or go there at all. As always it's just an idea and I am pretty confident it is going to multi-step drop because of UJ Seasonality and likely to end its journey somewhere Oct-Dec this year.
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Triangle crash in the making
