Retracement but could become a long

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Using a chart scale of 1 bar = 5$. Text notes in idea indicate my thoughts. Don't rely on this analysis, I have no idea what I am doing :) GLTA!!

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ملاحظة

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ملاحظة

The chart update above a is a monthly view. The Gann fans don't converge as nicely on the daily chart, but an extension or trendline of the 50 month simple moving average appears to travel towards the circle target. A weekly chart indicates a similar trend with the 200 week simple moving average.