Short at the Median line

3 mai 2017

A Possible short right now on Cable, price is currently pressing down hard and momentum seem to be picking up.
strong resistance at the previous lows, and the running trendline. the trendline is coming close to the median line which makes it even stronger,
a smaller innter trendline already broke.
if it drops it should be going down to the lower paralell of the fork, however,
be prepared for a pullback before that happens.

3 mai 2017

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I suggest a stop loss above the red line, the profit objective will be adjustable over time, depending on how fast it will drop, but in the end, it should hit the median line.

3 mai 2017

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sorry, I meant to say that, in the end it should hit the lower paralell line :D

3 mai 2017

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also a clear doubble top on 4 hour chart

3 mai 2017

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many things coming together in the same place , = strong :D btw, the red line is the 23.6 fib level

3 mai 2017

Note

please make a comment if you like, good luck :)