Description of Chart:
After hitting the blue trend line (resistance starting back from 2009) we are starting to get rejected from that level. There might be a chance we touch it again however I am taking the play now and staying short to 3.20. Stop is set at 6.30 on this one. The 50MA isn't crossing the 200MA and it looks like it is struggling a little to get there.
Website: www.lukelehepuu.com
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After hitting the blue trend line (resistance starting back from 2009) we are starting to get rejected from that level. There might be a chance we touch it again however I am taking the play now and staying short to 3.20. Stop is set at 6.30 on this one. The 50MA isn't crossing the 200MA and it looks like it is struggling a little to get there.
Website: www.lukelehepuu.com
Take a look at my website, you can become a member or sign-up to my weekly newsletter.