***After posting the chart, for some reason I don't know, probably a technical error, the hammer became a piercing line pattern. So no hammer, but piercing line***
First of all, I need to say that the trade has no confirmation yet, but it's starting to look bullish.
As you can see, CME rallied to 85$ and formed a double top. Target was at 72$, and respected it,...
I am going to set this chart on neutral because I don't see the buying signal yet, and all the global markets are down this week. I am allready long this stock, I'm currently sitting on a loss, waiting for the market to turn, with a stop under the daily support and the last swing low.
Now let's have a look at the chart. The most obvious point of this chart is the...
