A pennant that formed over the last couple hours led to a downturn @ 4400 resistance that managed to break the price channel. Was good while it lasted....seems as though the drop will be relatively short with strong support @4150 level. Wait for the bounce at 4150, buy in, collect your earnings before the retest @4400 level.
Comment
⋅
Looks like we're a falling price channel now. 4150 bounce is looking like a sure thing.
Comment
⋅
Looks like we got our bounce. Managed to break out of the falling channel too. May push to 4400 level again, but it looks like it's responding to .618 Fibonacci @4300. Getting out now. Hope you made money!