Now our analysis went as predicted short position...
From our previous analysis we noted that after an evening star there should be an immediate/continuous drop in price of any commodity..
We also noted that the proce was testing the resistance of a triangle pattern for the third time
This chart is to show you another support formed on the 1hr timeframe which is a strong timeframe
Therefore we may need to take profit or to move Stop loss to entry and hope for a breakout of the resistance on the 1hr timeframe
Good luck
Remember to like, comment and follow me for more
From our previous analysis we noted that after an evening star there should be an immediate/continuous drop in price of any commodity..
We also noted that the proce was testing the resistance of a triangle pattern for the third time
This chart is to show you another support formed on the 1hr timeframe which is a strong timeframe
Therefore we may need to take profit or to move Stop loss to entry and hope for a breakout of the resistance on the 1hr timeframe
Good luck
Remember to like, comment and follow me for more
