XME - 4 hr - bearish start. More downside likely
XME (metals) have started the week on a bearish note after a 5 wave bounce that could be an A or a 1
Bounce backs in the short term will likely get sold into. Longs need to be cautious. Intra day rallies can be considered shorting opportunities towards 49-47.5 zone in coming days. SL recent swing high
Bounce backs in the short term will likely get sold into. Longs need to be cautious. Intra day rallies can be considered shorting opportunities towards 49-47.5 zone in coming days. SL recent swing high
Note
We had the bounce back and selling off again. SL now at 52.8. can be riddenNote
Going as per plan. Use trails to protect gains
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.