Previous Analysis.M8 as you can see I was out on my call of 0.17...

Previous Analysis.

M8 as you can see I was out on my call of 0.17 I should have taken my measured move & congestion zone into better consideration. But in my own defence I was running this on a mid term analysis. It's forming a nice wedge at present and the indicators are turning healthy again after that false break of 0.15 My original analysis still stands and I'd like to see a full break of 0.15 and that wedge it's presently in. Little bit of consolodation & sideways trading before a big move is always a good thing.

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Been awhile since I covered this. But as per request here goes.


Shame to see the big move after that consolodation came Southward. But as 15 wasn't convincingly broken it was bound to happen with the last few months being terrible market wise. Presently the indicators are looking healthy and once 13 can be broken I can see this forming a double top back at the 16-17 area. It was interesting to see price drop at that congestion zone. Shame it didn't go northward for you holders.