Every 17 Days Price Hits the Floor… Next Up: July 9 😳
On the daily chart, we can spot a parallel channel that started around mid-May and is still holding up today.
But here’s where it gets interesting… 👀
🟢 Take a look at the dates when price hit the bottom of the channel:
• May 19
• June 5
• June 22
Notice the pattern?
Each low comes 17 days apart. You can see it on the graph.
Now, if we project 17 days forward from the last low (June 22) — we land on 📌 July 9.
And guess what?
July 9 also happens to be the end of Trump’s tariff pause (April 9 – July 9). That’s a double signal — from both technical and fundamental perspectives.
For now, I remain bearish.
We are still trading within the channel and if this continues, the 100 MA high (98550), 200 MA high (97900), and the lower boundary of the channel could provide a potential buy zone. However, for now, these are just early sketches — possible zones to watch if price reacts accordingly.
📊 It will be fascinating to see how the chart looks by July 9.
Are you bullish or bearish? Share in the comments 🐂🐻