$ger30 is creating a head and shoulder pattern in 4 hour chart. Also trendline going back to TRUMP election day is coming up around same level.
Most likely we will see price consolidating between these two lines. Confirmed break either way will have big movement.
For now, my play is to either sell it on the red line with tight stop, or sell at the break of the blue line. Not interested to buy it even if it breaks the red line here because downside is more appealing then upside.
Most likely we will see price consolidating between these two lines. Confirmed break either way will have big movement.
For now, my play is to either sell it on the red line with tight stop, or sell at the break of the blue line. Not interested to buy it even if it breaks the red line here because downside is more appealing then upside.