In the past time I supported the Short Idea very much. But in this case lets be neutral and therefore I wanted to show that there is still a potential for more upside movement in the case that the correction will get pushed up over 1289.
Im supporting the longterm Short idea which has to show his potential between 1280 and 1285 in the coming week.
If this level holds, it will turn back and fall back to 1240 and maybe more for long term view.
Watch 1269 as support and 1289 as resistance here. Everything can happen.
I'll be looking for shorts when price goes back up by the same amount it drop from the triangle
ali.se.18
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Me too :)
EliteTrader101
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I went long OSK.to a strong gold miner when gold hit rock bottom expecting a test of the triangle point that you drew. Regardless of what gold was doing, this miner was in an uptrend anyways. If gold can break thru the triangle then the bulls would have taken control and then we would expect the measured move to the top.
EliteTrader101
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My price to short based on the measured move from the tip of the triangle is 1360 level.