A very tradable setup if it come to pass IMHO. 1st condition a existing trending market? Tick yes down on most time frames. 2nd condition... A short team double bottom? Tick AND 3rd times a charm? No tick YET??. As always criticism welcome, I never know when to nix these so I just use trailing stops :( . As always keep an eye on the evil twin XAGUSD .
Good position for a short with descending trendline in a bearish market. Could also be a breakout but with gold and silver heading in opposite directions ATM... caution is to be advised
So many opportunities assign funds to which risks can afford it. A bottom off $14 2/3 looks nice.
Watch gold if gold suddenly decides not to follow silver then reverse :D
S&P500 has more top calls then the word wolf in the classical story tale. Just thought i'd add my 2c. FWIW I rarely see H&S playing out, but ya never know :D. GL out there
Would not have a clue how this will resolve. Trend lines go back further then chart allows (2000 descending and 2008 ascending). Resolution by Sept 2014 or sooner. Could be a good opportunity to go long at the lower ascending trend line as it like to visit the upper one often. Love to hear your thought
