Consolidation
If history repeats itself, we might be in for another month of boring sideways action from here on, before we retest higher grounds.
Past consolidation periods took between 4 and 6 1/2 weeks to resolve, and price action remained in a range of ~9-14% below the last peak. (SR event excluded)
However, given the recent overall bullish developments (at least in the authors perception :-) this period might turn out to be much shorter this time.
Disclaimer: This is just published for later reference, I'm not 100% convinced of this correlation and won't trade based on this chart.
Past consolidation periods took between 4 and 6 1/2 weeks to resolve, and price action remained in a range of ~9-14% below the last peak. (SR event excluded)
However, given the recent overall bullish developments (at least in the authors perception :-) this period might turn out to be much shorter this time.
Disclaimer: This is just published for later reference, I'm not 100% convinced of this correlation and won't trade based on this chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.