Agnico Eagle has a good short opportunity. After 3 days sell off, the bulls argues that there is countertrend trading opportunity. As long as the Bear channel is in tact and broad. There is opportunity of countertrend trading.
The probability for short is 60% at this current moment. Since, the Bear channel is not broken. The counter trend trader will try to break the steeper channel then the broad channel.
The probability for short is 60% at this current moment. Since, the Bear channel is not broken. The counter trend trader will try to break the steeper channel then the broad channel.