JD - One Month Later
09Oct
About a month ago I posted the following forecast to JD
Cycles Trader link
Linkedin: . https://lnkd.in/eD9ZU3w
A month later and here is the result.
- monthly cycle - blue, showing decline from early September to early October.
- The bi-weekly cycle - orange shows that this decline includes a decrease at the beginning of the month, a rise to the middle of the month, followed by a decrease to the end of the month.
- Weekly cycle - purple, showing exact dates for change in direction.
We also see that the price has reached resistance levels (red) and support levels (blue) just as predicted.
For your convenience, I have increased the interesting part. The annual and quarterly cycles were not included in the new analysis because they are relevant for a longer periods but whoever wondered what was going on with them, they still show an uptrend in the long run.
Have a good year ahead.
This is not a trading advice.
Comments