tomriddle92
A great opportunity to sell at day high and make good profit with high risk reward ratio.
Short with for excellent short opportunity.... Very high probability trade
A high risk reward and high probability trade.
This is not a a favorable risk/reward setup at current price but still a possibility. At the time of publishing this chart, prices were at 43.17 and since we have just touched the long term trend line that is drawn from below 30 dollars level, definitely a bounce can be expected. Also, selling pressure is expected to once again be visible at higher prices....
Possible Head & Shoulder Pattern which is in formation, if successfully completes, then it could take the prices all the way up $70 in the next one year.