Disliked{quote} Hey All, Price spiked right into my trade zone today. However, price did not close inside trade zone so no go for me. Uptrend line re-established a bit to the down side and now runs into trade zone which is a good thing. Major Trend lines ( Now in Red) show price CAN still reach the 77.00 to 80.00 price target but now may take longer to get there. Price can still move through my target to the upside but not before the short term trends (In Blue) push price right smack in the middle of my short trade (Fingers Crossed). - Ric {image}Ignored
Mid week update. Well, it seems price does not want to close inside my trade box. No close, no short. Price is hovering right there at the edge of 70.00. Bulls do not want to give it up and Bears do not have the strength, but the Bulls grip is fading. There is a lot of downside pressure. Short of some fundamental change, I see price breaking soon.
- Ric
Be humble or get humbled
5