Reasons for change in trend
1. Price has reached a low point of 81.5 which is 2x fib level
2. Down Big Gann Fan - Price went from 91 to 81 since April 30 (Price has travelled two zones from Light blue to White)
3. Down Small Gann Fan - Price went down from May 28 to the upper line of white area in July
4. Price is consolidating around 81 dollar
There should be enough momentum to break through one OR two areas which is either $84 @ August 28
Or two areas which is 87 dollars in 75 days which is Sept 30
1. Price has reached a low point of 81.5 which is 2x fib level
2. Down Big Gann Fan - Price went from 91 to 81 since April 30 (Price has travelled two zones from Light blue to White)
3. Down Small Gann Fan - Price went down from May 28 to the upper line of white area in July
4. Price is consolidating around 81 dollar
There should be enough momentum to break through one OR two areas which is either $84 @ August 28
Or two areas which is 87 dollars in 75 days which is Sept 30