Price has rejected off 51.56 levels and a double top formation has been formed in the process. The overall picture shows we are in a ascending wedge pattern which can be clearly seen on the daily chart. We want to start shorting this commodity, so selling on a break of the counter trend line is encouraged. Wait for a re test before entering
Trade active
Note
Stop loss to break even
Disclaimer
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.
Disclaimer
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.