Not ready to go long yet as awaiting cross back up of intraday MyWave. However, short term momentum cluster looking tired, with price action looking like a retracement here (MyWave is formed above the white 25day spine, with price alone venturing below).
As can be seen, the 25day to 200day MyWave is stacked in a bullish formation inside an upward rolling 25day regression channel. The momentum cluster already formed a low at the perimeter recently and adds to the bullish picture.
The intermediate cyclic phasing suggests we already had a 100day low on the 9th May (red line begins) and that we have already had a 25day low that is now being tested (green dashed lines) or a low is coming in this run. Either way, that makes the next move up a 3rd wave in the sequence and given the 100 day and 25 day regression channels are facing up, I'll be trying to go long, when I get a signal.
As can be seen, the 25day to 200day MyWave is stacked in a bullish formation inside an upward rolling 25day regression channel. The momentum cluster already formed a low at the perimeter recently and adds to the bullish picture.
The intermediate cyclic phasing suggests we already had a 100day low on the 9th May (red line begins) and that we have already had a 25day low that is now being tested (green dashed lines) or a low is coming in this run. Either way, that makes the next move up a 3rd wave in the sequence and given the 100 day and 25 day regression channels are facing up, I'll be trying to go long, when I get a signal.
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