ETC on the 4-hr Uh-Oh Another Trend Channel

See a pattern here? It sure looks like we are setting up for a little fall south, back to the $3.850 area. Nothing exciting here, so you know, now that I stated that, all hell will break out. All I can do is show you what it looks like to me. If you see something different, let me know?

Outlook: Kinda Bearish when you consider we are in a channel that historically demonstrated a Bearish move. So, I don’t feel it is unreasonable to believe this little up channel will be Bearish in the short-term.

Best,

Biff

Commento:

Short-term reversal... Looks like a head fake. If I can buy a bit at $3.80 price level, I do.