Corrective for an other YEAR!
The price fail to maintain the pressure to break the red channel, also broke the Oct-Nov trend line(pink), that suggest that we are still in a corrective pattern, the only way it can be an impulsive is in a final wedge but it doesn't fit in the "big map" considering that the last big correction was from July/24/2012 to May/08/2014 so I think that the corrective wave will continue all the next year just before the EU and US start to move the interest rates. Please leave your opinion
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.