Update: Target Reached. Short Closed. Looking for further short opportunities.
Red: Resistance/Support
Yellow: Falling ST Trendline
Blue: MT Channel Bottom
Green: LT possible Support.
Since Summer 2014. Watch those megaphone formations followed by a drop every time.
We could see a trend reversal but that long doji rejecting the Yellow bottom channels is a good place to short.
Red: Resistance/Support
Yellow: Falling ST Trendline
Blue: MT Channel Bottom
Green: LT possible Support.
Since Summer 2014. Watch those megaphone formations followed by a drop every time.
We could see a trend reversal but that long doji rejecting the Yellow bottom channels is a good place to short.