Cycle analysis long term:
Correction n.bars 2012-2015 is shorter than previous 3 downtrend during bearish market 1981-2000;
Fibonacci Retracement = 50% previous UpTrend 2001-2012;
Laying in an important Gann Fan;
Elliot wave count downtrend = classical ABC (terminated)
Correction n.bars 2012-2015 is shorter than previous 3 downtrend during bearish market 1981-2000;
Fibonacci Retracement = 50% previous UpTrend 2001-2012;
Laying in an important Gann Fan;
Elliot wave count downtrend = classical ABC (terminated)
Buying signal switching to 75% (at the moment 60%) as soon as it breaks 1391 area resistance.
Whaching out !!!