There is a gap at 83.90 to 88.10 which might be closed before we see the breakout.
It could also breakout from where it is now and trend sideway then move to close the gap later as well.
I will wait a while more before taking any decision
It could also breakout from where it is now and trend sideway then move to close the gap later as well.
I will wait a while more before taking any decision
Comment:
Focus on this chart closely as you would see many products like AUDUSD, NG, etc are experiencing the same pattern. That means, it breakout but isn't strong and price keep coming down till it re-enter back into the bearish trend line that it first broke out. Be cautious now as almost all products except VIX, GOLD, Treasury are up. PM me if you want to know how to short sell successfully.
Comment:
it managed to break out of the bearish trend line. Let's wait a while more as it may or may not closed the gap before heading higher......