During this month the general trend can be contained into a downward channel. In this moment we are in the lower side of it. The previous leg down has a 130 degree tilt and now it seems consolidating in the 450 area. So in my opinion there is the possibility to see some sideways in the lower channel. At the same time we are in a the middle of a bullish divergence, so for the short term i'm looking for a new leg up.
Good luck for your trading
UPDATE: considering the unexpected channel breakout the short term prediction is gone very bad, in any case the levels on my daily chart seems holding. Sorry for the wrong short term prediction...
Good luck for your trading
UPDATE: considering the unexpected channel breakout the short term prediction is gone very bad, in any case the levels on my daily chart seems holding. Sorry for the wrong short term prediction...