What happened? Weekly candle wicks down to 124.00 level it was respected and price rejected support, bouncing out of the 40 week cycle trough. Whats going to happen? never know but what we know from the cyclic phase analysis is that price is currently in a bullish phase until July 7th where the bearish phase is expected to begin gaining momentum. Whats happening? Price is currently completing a 80 day cycle (56D) trough. hoping we'll start to see more upside volatility
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