A mid-term trendline from Oct 2012 has been broken on end of July 2014. Price attempted a retest but was rejected by the support turned resistance trendline as well as cushion between 8ema & 20ema Currently, it formed a triple top and price just hang on 60.54. A break below that would signal at least a mid-term bear market with first target profit of 55.5 and the second 50 My short was triggered at 64.50
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.