Change of tendency?

19 giu 2014

This month can have an important price action that define the tendency for the rest of the year, I'm still bullish but look the chart, the swing from X to C is already paid, not at 100% of the fib extension but what do you spect for a weak bullish run? If you look the inside of the B-C swing, it have all his own weak swings paid, so I think the probability to start a new bearish tendency is plausible.