I do not disagree, with your estimates.
However, if TLS did not make some lost ground in next few days and stayed at 2.82 or moved lower, then we may have some cause for concern.
It would breach the 40 day simple moving average line and move in to negative territory.
This indicator has been a favorite indicator of mine of late.
It seems to be reflecting the swings in mood and sentiment and momentum over just about right period of time to give it some predictive powers.
Of course, this is just my opinion. DYOR.
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