I showed this chart to a friend and she noticed that the trough verticals of the 8 wks cycles mark the junction of price bars and time/price Gann fan lines. Gann stuff never ceases to surprise us.
My view: a new “overshooting congested zone” was created when the price action was already overdue for a down-trip and a sell signal was already there…This artificial situation should not last too long.
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