Hey, is it over?

Tides, Waves and Ripples

Trends are affected by the next longer and next shorter trend. A rising long term trend causes the intermediate trend to have larger rallies and smaller retracements and the short term trend causes the intermediate trend to ebb and flow. A falling long term trend causes the intermediate trend to have smaller rallies and larger retracements while the short term trend, again, causes the intermediate term trend to ebb and flow.