barryam

barryam

Did Sterling just complete a Double Bottom on the Monthly chart? If so, will it head back to the top of the range at $2? Or was that a Dead Cat Bounce off resistance with a breakdown to come?

barryam

The channels were based on highs & lows of pennant (red triangle), the March high and May low. Interesting how price has acted around the channel lines both before and after the pennant. Uptrend channel was cloned and price is now at clone's lower line, with dojis indicating indecision. Looks like an opportunity for a good risk/reward long trade with, say, UUP,...