Monthly bar chart. This picture does not look dangerous at first.
Month line. If we get a monthly close on Friday around here or lower we got at double top in a monthly chart. The top also is The fifth wave on the chart. The 8 MA is losing steam for upside. Here a correction can start easily and also be the final top in the uptrend since 2009. WARNING
The double top on this chart explains how I see the possible continuation of the line chart above.
Month line. If we get a monthly close on Friday around here or lower we got at double top in a monthly chart. The top also is The fifth wave on the chart. The 8 MA is losing steam for upside. Here a correction can start easily and also be the final top in the uptrend since 2009. WARNING
The double top on this chart explains how I see the possible continuation of the line chart above.
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