I admit, this is a really long shot. We are looking at the Monthly chart here. It has a pole and it's flagging out. If to follow textbooks, then, yep, SELL. But we need confirmation.
If we suddenly close below the Flag formation, then I would say SHORT to about $33, which could potentially form a DOUBLE BOTTOM.
Crazy? Maybe... But as crazy as this market. So anything could happen.
Just wanted to share this and see what other people think of it.
If we suddenly close below the Flag formation, then I would say SHORT to about $33, which could potentially form a DOUBLE BOTTOM.
Crazy? Maybe... But as crazy as this market. So anything could happen.
Just wanted to share this and see what other people think of it.
Note
14.05.2017 UPDATE - POSTPONED FOR NOW.Note
18.05.2017 UPDATE - I THINK THIS MIGHT BE BACK IN THE GAME!
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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.