On the weekly there's a clear down trend for the last 4 years at least. Since this year there's been a strong move up almost all the way to the outer channel line.
Momentum for the up move seem to be slowing down however, when price breaks this momentum out of the short term channel, go short.
Let's see next week if this move continues down and this trade is made possible.
Momentum for the up move seem to be slowing down however, when price breaks this momentum out of the short term channel, go short.
Let's see next week if this move continues down and this trade is made possible.