Quote:
Originally Posted by Jay
Hey Dave,
Based on the drawing of channels starting at the top of 114.7 down to about 101.8 looks like this could be a good short on the daily chart soon. What is your take on looking for an entry on the 60 minute chart?
regards,
Jay
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Hi Jay,
I am not seeing the channel there could you post a chart of that so I can take a look at what you are talking about? To me the triangle is the thing that jumps out the most to me on the chart if it breaks out of that to the bottom and there are other things such as a candlestick pattern or one of the indicators that you follow in these types of situations which are lining up then I think the argument could be made for a short there. One thing to keep in mind though is that I think most would agree that there is heavy support at 100.
As always my stuff is for educational purposes only and never trade recommendations.
Best Regards,
Dave