


motleifaul
We run in a sideward range and reached its bottom now. At least a correction is due.
The downtrend is intact and we move downward along the Gann fann.
This had broken down through the triangle and tested it back. Now the correction can be completed towars 50%.
It's the low from March now. Let's look whether some profit taking will help the pound on the feet.
I will be short after a retracement to either the neckline or one of the ascending channel lines.
I will continue long when we climbed the green line or at a retracement to the triangle.
There is a 2nd gap to be closed in sight and the major retracement is still outstanding.
Spike up under high volume today may result in a break of the banner with a test of the previous high at almost 62.
The downtrend continues to persist.
Once the trading range has been left it doesn't very matter that we retraced into it again. The downward channel has been confirmed by the break of the range and so we may see a test towards the lower border of the channel now.
Apple is well moving within the falling gann fann.
Well, we have a bearish divergence in the RSI. But we managed to retrace ito the pitchfork. So I suppose that we can test at least the falling trendline again if not even the rising green fork line.
Apple is close to the falling trendline, the former but broken rising trendline and the last falling gann fan line. I see a chance that the Apple will fall down due to Newton.
I think that we will finally test the 50 % retracement again before it will go up. The upper line of the pitchfork has not been reached. That means for me that a test of the middle tooth is prevailing.
As the rate failed to reach the January high it is supposed to correct 50 %. Tis would also be the middle tooth of the pitch fork.