After the nice retracement occurred at the beginning of January, we have had evidences that a new upward cycle began. For the time being it is a t+1i/t+2i but might be wider, therefore the first retracement (first week of january) may not be finished.

from Monday 8.01 we have 10/11 chances to have a new push to the upside (at least till tuesday, wednesday) for a new weekly downward cycle.

We will gauge the strength of this new Cycle to make further consideration about the 27.12 new upward cycle.

Chart PatternsGannWave Analysis

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