Thursday morning has shown the breakout of a consolidation upper border with no sign of any price strength again. Apparently another false break is in store for us for today or tomorrow - of a 4-hour rising wedge upper border. Approximately $13K would be the price set-up condition for an Intraday sell trigger @12500. However, the possibility of a turnaround from the current level of $12K can not be excepted either. The key point is "to wait for the market in the doorway" of a Wolfe's bear pattern 1-3-5 with your sell-stop triggers. Thursday is a good day for "fishing", so enjoy it!
Kerstin Ohlsson
Xena Exchange Swinger
Kerstin Ohlsson
Xena Exchange Swinger