Always look forward to your analysis, thank you! I have a slightly different view on the lower trend line and although it seems aggressive, I think there's a good chance prices may try to get a hair below the 2009 lows prior to the hike decision and head down to 31.7-32.2 level this week... I agree on a possible retrace to the 38 level though, I believe the overall process is looking to create resistance at 38 to initiate the longer term bottoming process.
The_Cannalyst
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thx a lot for yout thoughts....this sounds very plausible..thx!
The_Cannalyst
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a dip below the former 2009 low as a bear false break out and than a Little fast shortsqueeze
The_Cannalyst
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an overshooting selloff can reach up to 25$ as worst case Szenario....hmmmmmmbut it only a technical view...