Price just about to leave its regression channel to the 1.3352 low and will be at the daily FLD right at the next gann/pyrapoint line at 1.3500 ish -covered yesterday but just as happy to be there today rather than never. Given the positioning of the SMi cluster, price could just pass through this without hesitation if the bull trend is on, which it seems to be. Red 'a' on the right hand side of the chart is the same distance in time and angle as price action up to the daily FLD thus far. This would push price way past the weekly trend line in the next chart.
Given the momentum now in play, this first red 'a' wave may in fact go past the weekly trend line and then lay back over the top of it for red 'b'. Price spent yesterday testing the weekly FLD, so 'permission to continue sir' looks like it has been granted! The SMi cluster on the monthly trend chart has not even got going. Food for thought!
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