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Special Ingots: the corrective phase is perfectly channeled

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From the beginning of 2017 we can see how the titles of Special Ingots are moving with maximum precision within a bearish manual channel.

Technical analysis
BEARING CHANNEL
S1
12.85
S2
eleven
R1
14.90
R2
16.25

Short term

Medium term

Long term

Special Ingots It is a bullish title in terms of long term, which is not incompatible with the fact that we have been in reaction since 2017. This corrective phase is that it serves to drain / adjust proportionally the very high previous rises from the minimum of 2013 to the highs of 2017. That is, from 1.40 to 22 euros (+ 1500%). And within the current corrective phase we can see how the price is moving with maximum precision within a bearish channel. Impeccable. Then, to be able to think that the current correction phase could be coming to an end, we are going to demand that in addition to jumping over the bearish channel, it should also do so, easily, above the resistance of 16.25 euros (May maximums). Although above the resistance of 14.90 euros the price would be launching a first warning to navigators.

Weekly Ingot Chart since 2012

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