Nice relaxation of RSI . Where das this carnage stop? On near view, this is not so much of a carnage, but a healthy correction. The internal green trendline may signal a stop of it, since this is the price area of the preceding 4 of one minor degree (4''). If my count is correct, we have a correction of over 50% as wave 4 now, which is generally pretty much. So a visit to the lower trendchannel line at 115000 USD is also possible.
Although my predicted ever-escalating increase in steepness of the trendlines until end of the year was obviously wrong I'm in good company with the ridicoulous predictions of Peter Schiff .
