Macro view

Yearly Bar have changed to a POSITIVE bar since year open at 218 , emerging the important phenomenon of Perigee / Apogee

Bear should be aware by next week , since if a positive bar successfully sustain thru next week ,it would mean positive year should be dominating for the rest of the year  

As we can see , waves tends to copy the same from the previous similar swing up from 182 to 216 , this week's high 22138 served as a resistant of the temporary extension

Now considering a retracement to 216 or lower , another tendency would be an continuous up to challenge the high of 229 or 230 to achieve AB = CD 


Happy Trading !



Yam