Alright guys I've been looking at twitter for some time now, and to be totally honest I believe that we may have a short on our hands right now!
We could potentially see prices reach the downside target of 24.00.
Before you trade this, you might want to consider a few variables, prices could actually break up to the upside as a result penetrating our current resistance near the 38.00 Price Region.
HOWEVER.
If we penetrate our key level at the 34.00 there is a strong possibility that prices could plummet down to lows of 24.00 in the future.
This move would have to be accompanied by very convincing volume, nevertheless it's still probable!
We could potentially see prices reach the downside target of 24.00.
Before you trade this, you might want to consider a few variables, prices could actually break up to the upside as a result penetrating our current resistance near the 38.00 Price Region.
HOWEVER.
If we penetrate our key level at the 34.00 there is a strong possibility that prices could plummet down to lows of 24.00 in the future.
This move would have to be accompanied by very convincing volume, nevertheless it's still probable!
