This analysis I do out of doubt.
The charts show an INverse Cup and Handle.
The moving averages are all down 200 > 21 > 7MA
Target 1 seems to be $80.70.
CONCERNS:
The $100 support level is extremely strong and price doesn't seem to price below.
I would go short but knowing this is a medium to low probability trade.
The charts show an INverse Cup and Handle.
The moving averages are all down 200 > 21 > 7MA
Target 1 seems to be $80.70.
CONCERNS:
The $100 support level is extremely strong and price doesn't seem to price below.
I would go short but knowing this is a medium to low probability trade.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)