- This is a monthly chart of DI.
- We can see a trending period of approx 4 years followed by a coiling pattern for double that time approx 8 years.
- Now such a long consolidation should be followed by a burst of price action, which way we cannot say right now.
- Many of the wise ones are predicting either an upmove or a downmove, but we cant be sure unless prices confirm.
- Another possibility is for this coiling to continue, which might delay the eventual trending move.
- So we have a great pattern on a very long term fractal, and if we remain patient and wait for a clear BO/BD from this triangular consolidation, we should get a multi year trending move to play with.
- Now that would not be such a bad deal.
- SO don't get ahead of yourself and certainly not the markets, just wait patiently, and reap the benefits.
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