oilyprata

Surf within the current channel or breakout form it?

Long
oilyprata Updated   
NYSE:MUX   McEwen Mining Inc.
Will we breakout from this current channel or fail to do so?

If this fails, expect this stock to just move within the current channel.
I also show why 1.35 is the actual next resistance, should we break from this channel.

Comment:
There is also a rising wedge pattern being formed. which is a bearish indicator on the 1M and 3M chart. So if we dont get enough buy volume, we could potentially break downwards in the short term.
Comment:
Faced some resistance at 1.35 :D
Comment:
Double top pattern formed at 1.35, hence the dip. Further dips coming.

First support is at the lower channel. If candlestick breaks past this. Expect further correction.
Trade closed: stop reached:
US index correction, is causing all high debt companies, including gold to correct
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