What we see here is descending triangle which by the book will break to the downside.
I'm not expecting a huge price drop here but it is possible to make a decent trade with this one.
My target is 1510.
Good luck everyone.
I'm already in a short position.
Remember to drop a like if you find this idea interesting.
Disclaimer
Remember to always Do Your Own Research.
I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such.
You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
I'm not expecting a huge price drop here but it is possible to make a decent trade with this one.
My target is 1510.
Good luck everyone.
I'm already in a short position.
Remember to drop a like if you find this idea interesting.
Disclaimer
Remember to always Do Your Own Research.
I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such.
You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
Comment:
Silver seems to be in a similar position, where resistance is not allowing it to go higher for now.