The trend is up because the 8 MA is rising and the falling 21 MA will only give resistance for the uptrend. The trend could move within these MA:s for several months until just before the 8 MA crosses 21 MA. Remember: When there is a rising 8 MA and a falling 21 MA any sudden jump out of this range, the trend will always come back to the curves. But this could take a while.
The fifth wave is on its way.
8 MA is moving up to the sideways bars. Might well test the high again.
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