The right shoulder is being formed, this confirmed by volume jump. Its final peak can be estimated at half the distance of the head from the bottom resistance line. A safe zone for a sell is 1.34085 if you buy now at 1.32609. Ultimately this can be a short if you go into to july with the trade right now it is a buy until the peak is complete. Long until mid April and Short after that.
Commento:
It has broken its angle of descent. Now we see if it takes a turn here on a pivot today.
Commento:
this PA has not failed yet.. we will know more by end of april
Commento:
I was right but off on the bottom. The new high point is between 1.31 and 1.32.. Short at that point
Commento:
so far so right, aug you will see the greatest profit from your short. 3 months from right shoulder forming