It doesn`t smell bearish anymore..a bottom is be formed....will we see a bigger breakout-longsignal These days?
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Bottom building: triple Bottom + H&S = LONG!
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trigegred
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CyberNV
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IMO I see a reversal formation around the top of that channel, I would short it. I do not see it breaking the neckline without another test of the upper trend line. Momentum still intact for the downswing in general. So when it blows, it is going.
The_Cannalyst
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like ! :-)
CyberNV
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I think I would look to open a short position at the $45 area. Downside momentum is tremendous.
The_Cannalyst
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also a good idea ...but anticyclical.- against the trend...i just trade in trend direction, only procyclical trades..good luck and thanks for the comment