Not many ppl here but here goes.Interesting MQG never crossed...

Not many ppl here but here goes.

Interesting MQG never crossed the red line to invalidate the trend up from 2020 lows. And now notable it's breaking out of that down channel. Some chance here it could retake another ATH but needs to show strength in this phase of the bounce and not re-enter the channel again in the next 2-3 months.



Closer up the drop since late 2021 highs does line up with key fib retracement level 1.236fib for a WXY (in orrange) correction.



The overlap in price smaller cycle price peaks to lows further adds to a corrective set up as well in (purple circle).



Does feel counter intuitive holding a bank with large exposure to US atm though I must admit.

DYOR.

MK.