Check out this pattern. It's textbook. The chart speaks for itself in this massive descending triangle.
If we break $116, we are going down. If you are following me you should be in profit or break even. Make sure you have stops or laddered buys in place. If this breaks, I wouldn't place a buy until around 100 to play a bounce.
Happy Trading,
-Sherem
If we break $116, we are going down. If you are following me you should be in profit or break even. Make sure you have stops or laddered buys in place. If this breaks, I wouldn't place a buy until around 100 to play a bounce.
Happy Trading,
-Sherem
Comment:
Still in this channel. Tread lightly.
Comment:
We are approaching this neckline, if it breaks down it should indicate we will get a further move down.
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chart update:
