The bearish M
Yesterday, as expected, breakout was bring the price near 46$ and then his weakness bring the price short.
Now I can see a really bearish pattern: the M bearish. The confirmation of this pattern must be searched at this support breakouts:
River and Moving Average 50 - 44.80/44.60
Support Moving Average 144 - 43.50
Support Moving Average 288 - 42
Now this supports are important but if break down we can increase the shorts, else we cover long.
Because in this days speculation and volatility is very high.
Trade safe.
Now I can see a really bearish pattern: the M bearish. The confirmation of this pattern must be searched at this support breakouts:
River and Moving Average 50 - 44.80/44.60
Support Moving Average 144 - 43.50
Support Moving Average 288 - 42
Now this supports are important but if break down we can increase the shorts, else we cover long.
Because in this days speculation and volatility is very high.
Trade safe.
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