Creeping back towards its moving averages, giving us a nice opportunity for a bearish trade setup. It broke down out of a wedge pattern last week but has traded sideways since.
Looking for it to move down to lows made in December and November for price targets.
Stop Loss: 21-day EMA or 8-EMA if you want less risk
Looking for it to move down to lows made in December and November for price targets.
Stop Loss: 21-day EMA or 8-EMA if you want less risk
Comment:
Big move up today, will be looking for an entry point at a sign of weakness. If it moves above 780...will be looking at it from a long position
