Current Analysis: Long Term Weekly
We start with an extremely long term weekly view to show the bigger picture. It gives us potential long term targets to look towards; shows us how far back the technicals go; and offers perspective for the current market location. These should all be noted and remembered when we go to look at smaller time frames.
Two large blue ellipses can be seen - these are identical, the second being a duplicate of the first and moved over to fit the next pattern. The large purple rectangles are also identical, the second being a copy of the 1st and moved over to offer a potential projection.
Note that the $145.00 target is technically possible, however at this time it is also a very low probability.
