Evan_Moe_Money

Breakout ahead? We are at a crucial level again

NYSE:TROX   TRONOX HOLDINGS PLC
Hey folks!

I found a good opportunity for a nice swing trade again.

As we can see, the top of the cannel is reached, and now what will happen?

I see two things right now.

1) A breakout with a pullback, that would be my entry trigger.

2) A double top formation, and of course the price will fall then. So we have a short position. I will wait a few hours, maybe one day to make sure I am not running into a trap. And if you see the main trend, it goes up right now. So shorting would go against the trend, and I am careful with that...
Comment: Well that one is still making up its mind... Keep watching it, it is worth it
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