NOVICE TRADER SPECULATION:
Hello Traders!
I'll get right to it.
We are currently testing resistance and I this chart shows what could very well be a bearish head and shoulders forming.
Observe the fibs here.
LOGIC BEHIND SHORT:
-TESTING RESISTANCE AND FAILING
-BEARISH HEAD AND SHOULDERS PATTERN FORMING (POSSIBLY)
-MARKETS HAVE BEEN ON THE RISE, SO TAKE THAT INTO ACCOUNT
As always,
live long and profit.
ZM.
Hello Traders!
I'll get right to it.
We are currently testing resistance and I this chart shows what could very well be a bearish head and shoulders forming.
Observe the fibs here.
LOGIC BEHIND SHORT:
-TESTING RESISTANCE AND FAILING
-BEARISH HEAD AND SHOULDERS PATTERN FORMING (POSSIBLY)
-MARKETS HAVE BEEN ON THE RISE, SO TAKE THAT INTO ACCOUNT
As always,
live long and profit.
ZM.