Interesting scenario we got here folks. Chart is self explanatory.
Just 3 things to consider.
1)Shorts are looking attractive off the heavy resistance level however a break of the uptrend to the downside makes shorting even more attractive.
2)Trying to pick tops is work for insane traders (am I one?) therefore the h&s scenario is hypothetical at best.
3)Pa is contained within the uptrend we have been in for a few days now...until pa breaks either wall (and the majority of such channels break to the downside)....any hypothetical scenario is not valid.
Good pippin all..this week will be interesting indeed
Just 3 things to consider.
1)Shorts are looking attractive off the heavy resistance level however a break of the uptrend to the downside makes shorting even more attractive.
2)Trying to pick tops is work for insane traders (am I one?) therefore the h&s scenario is hypothetical at best.
3)Pa is contained within the uptrend we have been in for a few days now...until pa breaks either wall (and the majority of such channels break to the downside)....any hypothetical scenario is not valid.
Good pippin all..this week will be interesting indeed
Different opinions highly valued, ignorant to slander.