Below are 4 charts 4 hr. - daily - weekly - monthly. I'm using Andrews Pitchfork and the pivot points from the high in 1979, the low in 1991 and the high in 2011.
We get a nice picture of where price meets the median line and high probability support.
The bottom chart is the monthly chart, using the Stochastics momentum indicator. There's no confirmation yet on the monthly but zooming in down to the hour, there's evidence of basing.
What's the downside? Well, the price could be taken below indicated in the 5th chart, the hourly.
charts below where done and uploaded September 26th... wasn't able to submit till today.
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So in ending........ Use critical thinking and think for yourself.
