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A good strong break of a longer time frame trendline and the 200 day SMA also came in close to that break. A nice retracement back to a key level and then closed lower.
I am short at this level. Looks like it's starting the next leg down. 12.50 area may offer some support but it looks great so far.
April Live Cattle triggered a short for me after the gap down in the 134 area.
I like the way it's behaving. In the last couple sessions, it has broken down below the short- term uptrend line after a clean touch on the longer- term downtrend line.
After a significant and a rather hasty run-up in the last couple sessions, April gold has formed what we traders like to call a Bearish harami type of candle in the last trading session.
This does not mean the price is going to tumble back down like a lead balloon, but it is an important signal for a possible ...
Market below the 55 day. Trend-line break with a solid price movement downwards. Back test of 1192 possible. Possible to short on either price reversal on back test or follow through selling below the 4/22 low. Stop on initial short entry could be placed above 1203. Daily MACD cross supports position as well as ...
Market tested 61.8 Fib on the retracement. Now below 55 day. Test of gap and trendline possible.Possible short b/w 2820-2840 upon price action confirmation. Follow through selling below the 4/20 low also a good trigger for a short. As always use proper money management stops to limit risk.