Indications are that we get a short time bullish action
Updated
I tend to believe that we get a short time bullish action until the bear trend continous for a market capitulation probably before October 2022. The RVGI-Indicator is trying to turn upwards and price level is at critical Fib-support.
Trade active
.........movement is going in the direction wanted. I expect an intermediate top of the movement at approx. 4100, but will have to see the strength of the market. From there is a promissing short investment possible..........Note
.......... looking on a repeat of the previous W-pattern of a larger scale. This means, price will come down to channel support and moves higher to proclaimed target level of approx. 4100.Note
......... movement of price goes to expected direction. Target still remains valid at 4100 but price may turn already before.........from 4000 going the chart needs a critical observation of trend changing indications as the bearish main trend is still intact and will come to its apex around September 2022 (Sabbathical Year ! )
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