Monthly's are ultra long term which I don't trade cause candles can move hundreds of pips but look like they barely move on the chart. I was just trying to get a general direction. If the monthly candle is hitting support at the 88.6% monthly Fib then that could explain why it's like the walking dead. Lol. So overall it looks like it wants to go up(and is) but were just trading the moves in between on the smaller time frames. Those first 5 waves down could be a wave 1 of a larger trend meaning the move up is a retrace for a larger move down. So if it goes to the 38% Fib on the monthly that's around .8242 over a 1000 pips from current levels. If it goes to the 50 Fib then that's about 1400 pips before the downtrend continues. I can't hold that long. Lol I'm gonna put up the chart again
News 
Market Data 
Discover 
