Twellve,
Thank you.
I think your reading it correctly (triple tops).
I think it's going down also. The question is,
how far down will it go? Your in a strong up trend.
What I would do is let it come down (retrace to value).
Then I would be looking to go long. So I would put
the chart on my watch list because it not ready yet.
If you go short (counter trend trade) it could be pretty
shallow. So I would be careful with it. The thing about
trading is their is no crystal ball and no one really knows
what will happen. What we are trying to do is make our
best judgements & then play the probability game.
Thank you.
I think your reading it correctly (triple tops).
I think it's going down also. The question is,
how far down will it go? Your in a strong up trend.
What I would do is let it come down (retrace to value).
Then I would be looking to go long. So I would put
the chart on my watch list because it not ready yet.
If you go short (counter trend trade) it could be pretty
shallow. So I would be careful with it. The thing about
trading is their is no crystal ball and no one really knows
what will happen. What we are trying to do is make our
best judgements & then play the probability game.