ON THE WEEKLY PRICE JUST BROKE OUT OF THE RISING WEDGE AND IS CURRENTLY DOING A PULL BACK FOR A BEARISH MOVEMENT TO THE 125 LEVEL.
ON THE DAILY CHART, PRICE IS IN A TEXTBOOK DESCENDING TRIANGLE
ON THE 4HR CHART, THERE IS AN INTERSECTION OF THE RESISTANCE AND A TRENDLINE AT THE 150 LEVEL, i AM HOPING PRICE WILL GET TO THAT LEVEL AND THEN TURN BACK WARDS.
I WOULD SET A SELL LIMIT ORDER AT THAT POINT.
ON THE DAILY CHART, PRICE IS IN A TEXTBOOK DESCENDING TRIANGLE
ON THE 4HR CHART, THERE IS AN INTERSECTION OF THE RESISTANCE AND A TRENDLINE AT THE 150 LEVEL, i AM HOPING PRICE WILL GET TO THAT LEVEL AND THEN TURN BACK WARDS.
I WOULD SET A SELL LIMIT ORDER AT THAT POINT.