Description of Chart:
A few months ago a double top pattern was put in. As with a lot of double tops we tend to get a break out above it to clear a lot of the short positions out and a lot of renewed buying. We then faded nicely down back to previous support listed in purple. We are now trading below 46.43 which is a nice point for a short position. Short from this area down to 44.27 which coincides with previous support too.
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A few months ago a double top pattern was put in. As with a lot of double tops we tend to get a break out above it to clear a lot of the short positions out and a lot of renewed buying. We then faded nicely down back to previous support listed in purple. We are now trading below 46.43 which is a nice point for a short position. Short from this area down to 44.27 which coincides with previous support too.
Website: www.lukelehepuu.com
Take a look at my website, you can become a member or sign-up to my weekly newsletter.
*** To get my ideas immediately you can follow me ***
