For the next forecast, we focus primarily on the major trend reversal on June 26 and secondarily on the last one of this quadrant on March 9. The subordinate trend reversal provides the initial impulse on how we start into the major one, thus addressing the highly volatile area.
By addressing the highly volatile area, we simultaneously break through a major Gann arc, which again gives us room for a rise towards $135,000. Should the quadrant limit at $40,500 break within the highly volatile area, it would trigger a subsequent retest on the major arc down to $23,600. Upon receiving this support, we would move along the support fan to $65,800 to place the first intermediate correction on the way to $135,000.
The next relevant update will come after March 9th.
