HUGE falling wedge is being made here, crossing the last downtrend channel at 36.70. Lower line of this falling wedge shows at the same time a megaphone pattern.
The SL is at the channel support in the chart visible below.
If that channel breaks we will see price in the 20's. That would be a serious world disaster then...
Comments
moneymaking
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Nice work mate, were you able to enter into this move?
ElPatron.Y
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Nope missed my entry by 25 cents... Lol
moneymaking
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Would have been a perfect entry. Where you thinking to re-enter again?
ElPatron.Y
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41-42, if that breaks then we have a bearflag and we will see lower.