Short

IQ retrace

By sexyfruit

Updated

Bulls getting tired. looking to pick up longs 25-30, but could be more bullish and have alerts at 36

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typo: alerts at $33

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FYI this analysis came mainly from the daily chart

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analysis has proven good so far. we had a bounce off support at $30, but i think it still looks a bit weak. will watch for more consolidation in the 30-33 zone before considering going long. if that zone doesnt hold up, next target down is 25-27

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this thing looks like its about ready to turn around. im going to begin scaling into longs. nice trade bye

sexyfruit

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