It looks like this has another wave down to go before going long again. We could see a long move this week to the top of the bearish channel
before completing the move to the daily channel bottom. After that we could see one more big move up to possibly complete this weekly corrective phase. We'll take it one slice at a time - I'm not comfortable with the immediate long as it could turn out to be more of a frustrating sideways move.
I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile)
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome
Good luck Steve