The 20-week
cycle bottoms are indicated by the up arrows. Currently eight weeks into
the second 20-week cycle from the 4-year bottom, prices have retraced
a little more than 50% and are meeting resistance at the blue EMA line.
The blue double stochastic oscillator is overbought and a downturn will
paint the price bar blue. A drop below the blue setup bar would indicate
the 20-week and 40-week cycle top is in place, and sideways to lower prices
could be expected for the remainder of the 20-week cycle.
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