It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot.
As you can see here we have combined waves of tightening wedge formation on the chart. We also have some strong fundamental key events to help drive emotions and stretch budgets.
The cloud of short interest is growing and if we slam hard come NFP we will be able to see a phenomenal short-medium term drop off and correction in price.
Looks like you had that spot on, hope you got some profits on it :)
IAMETCO
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Now it looks like it closed below the support and volume increased on the decline......i have my eye on a head and shoulders pattern forming.......if it does and when that last shoulder is formed.....it's going to be a doozy :/
IAMETCO
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I wouldn't say its in a wedge...its in a channel going sideways......no uptick in volume either
RSCexclusive
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You were spot on, my wedge was an illusion there. But still very interested to see if we can put the hammer down come NFP
IAMETCO
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I hear you man....I believe what we're looking for is a Head and shoulders formation.......Once that Head and shoulders formation takes shape......the upward trend is done......oddly enough, despite the lack of increased volume along with the breakout, the trend is still up :/