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Website: www.lukelehepuu.com
Description of Chart:
Here we have a head and shoulders that is almost formed, we can take a short position from 9.79 down to 8.42. This would coincide with a trend line (in blue) that has been in place for a while. when we touch the blue trend line it could be an opportunity to take profits. Notice how the MACD is also on the underside with the potential to turn lower.
Twitter: www.twitter.com/lukelehepuu
Website: www.lukelehepuu.com
Description of Chart:
Here we have a head and shoulders that is almost formed, we can take a short position from 9.79 down to 8.42. This would coincide with a trend line (in blue) that has been in place for a while. when we touch the blue trend line it could be an opportunity to take profits. Notice how the MACD is also on the underside with the potential to turn lower.
Twitter: www.twitter.com/lukelehepuu