Im looking for this to short or some sort of consolidation to short out of.
For me, it hasn't yet rejected the break so it didn't give me anything to work with. Also, UJ seems to be almost done with its down move. So i would expect an upward correction from it. Im gonna assume it will take this pair up with it. Lets see if it plays out that way. Either way, id like it to work its way up to reject from either the break, the outer trend line or form some consolidation pattern so I can short from that.
I feel pretty good about the GJ chart. The UJ chart is just possibilities at this point because there hasn't yet been a third touch of the line but its a starting point and a hard rejection so perhaps its gonna work its way to it and try for the 3rd? No idea but EJ seems to be on the same path so who knows?
For me, it hasn't yet rejected the break so it didn't give me anything to work with. Also, UJ seems to be almost done with its down move. So i would expect an upward correction from it. Im gonna assume it will take this pair up with it. Lets see if it plays out that way. Either way, id like it to work its way up to reject from either the break, the outer trend line or form some consolidation pattern so I can short from that.
I feel pretty good about the GJ chart. The UJ chart is just possibilities at this point because there hasn't yet been a third touch of the line but its a starting point and a hard rejection so perhaps its gonna work its way to it and try for the 3rd? No idea but EJ seems to be on the same path so who knows?