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 .
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