However, the time to close may be approaching. This bounce is weaker than expected and news/fundamentals will probably not see it go above our high of $450, especially with massive trendline resistance.
Target to close long: ~$435 Target short after long close: ~$400
think we'll bounce here? been around day with hardly any movement.
UnknownUnicorn38668
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EDIT: I am no longer long, I closed my long, but not ready to short. Will go long on trendline breakout
Galvin
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We haven't retested the trendline on china. We could still go up 10 usd and still be bearish.
Galvin
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Not sure if china is going to reach 2900. Thought it would of happened friday, but the breakout died out around 2870.
ltc-joe
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Ya i've got something similar going: ...to me though, another rise up will more likely break through to the upside, otherwise we just continue to drip down until we dump to the bottom trendline.