Trade safe on this one.
Notice the support around 130.
There is a small gap on that last move up, around 116.
Probably plenty of time to get in this.
Notice the support around 130.
There is a small gap on that last move up, around 116.
Probably plenty of time to get in this.
Trade closed: stop reached:
Stopped out the next morning on a big drop to 123.90. Shakeout?
145 possibly rejected here too.
I guess there's still too many bearish scenarios to justify buying just yet.
145 possibly rejected here too.
I guess there's still too many bearish scenarios to justify buying just yet.
Comment:
Intraday drop to 122 so far. Perhaps we're headed for 116 or lower after all.
This is just a guess. My stop is at 127.27, and the market has a way of taking my money when I put in stops.