NATTY is extremely overextended and finds itself on the 0.5 Fib retracement after accumulating a substantial bearish divergence on the 4hr.
After breaking out of the cup & handle, it has yet retested those areas which it will IMHO.
NATTY often peaks in the middle of May which is often followed my strong consolidation into May, before it really gets going in June/July.
After breaking out of the cup & handle, it has yet retested those areas which it will IMHO.
NATTY often peaks in the middle of May which is often followed my strong consolidation into May, before it really gets going in June/July.
Comment:
Interestingly similar set up
Comment:
As seen this time of year, 4 years ago.
Comment:
I'm short from here and following my plan.
Don't follow my post blindly and do your own due diligence!
GOOD LUCK!
Don't follow my post blindly and do your own due diligence!
GOOD LUCK!
Trade active:
Has set off well
Trade active:
A bounce was expected, however not a new monthly high.
This has lead to a further RSI bearish divergence. This will be coming down.
This has lead to a further RSI bearish divergence. This will be coming down.
Comment:
Double top on the daily bearish RSI divergence
Trade closed: stop reached:
Isn't stopping - CLOSED
