SHORT TERM SHORT OPPORTUNITY AND LONG OPPORTUNITY

AS YOU CAN SEE THAT OUR CHART IS FORMING AN ASCENDING TRIANGLE. FROM THE RESISTANCE LINE THE CANDLE STICKS HAVE REJECTED THE RESISTANCE LINE THIRD TIME. SO I THINK THAT THE CANDLE WILL GO DOWN AND RETEST THE ASCENDING TREND LINE BEFORE COMING UP AGAIN. THE TREND IS OVER ALL IN AN UPTREND. 60.30.15 AND 5 MOVING AVERAGES CONFIRM THE TREND. SO FOR NOW WE WILL GO FOR A SHORT WITH TP AS THE ASCENDING TREND LINE ANDS WHEN THE CANDLE STICK BREAK AND RETEST THE ASCENDING TRIANGLE WE WILL GO LONG WITH CONFIDENCE.