Have a look at my previous chart ideas regarding the Short Trade idea.
I believe that the smart money has reaped what they began from the money and now would be profit taking time along with shorts.
Daily shows a signal for a double top pullback. Looking for the daily to close strongly bearish.
Keep in mind we are in a trading range aswell.
So far the 4 hour is showing very strong Bearish signs and no sign of strong bulls here.
This is following an ABC corrective formation to double top and also a failed breakout.
I believe that the smart money has reaped what they began from the money and now would be profit taking time along with shorts.
Daily shows a signal for a double top pullback. Looking for the daily to close strongly bearish.
Keep in mind we are in a trading range aswell.
So far the 4 hour is showing very strong Bearish signs and no sign of strong bulls here.
This is following an ABC corrective formation to double top and also a failed breakout.
Comment:
C LEG Up has formed 5 waves/3 pushes up. The wedge bearish breakout has been strong on the 4 hour and 2 hour.
Comment:
Gold does coincide with this so far with a 3rd point of the triangle, and now rejecting.
Comment:
Waiting for more follow through from bears on 4 hour time frame.
