Since my last update on 13 May the weekly chart turned fugly. I...

Since my last update on 13 May the  weekly chart turned fugly.  I try and guess when we will have the next price range breakout based on stoc indicator. There was no break out only break down ouch....wasn't part of the plan Anyway maybe only maybe a small consolation it appears that we are a step closer to an uptrend again.  Highlighted on the chart with blue trend line illustrates a positive divergences developing with the stochastic indicator.  Normally that reflects a turnaround  in the trend to occur in the future. Patience required. Another  positive is that the 61.8% FIB level appears to be respected. Maybe we are lucky this time for a turnaround but sentiment is fugly at the moment.   GLTA