Post by
greatplay on Nov 15, 2016 4:11pm
Nice Close! Head and Shoulder
We held up pretty well, with all the negative selling we had during the day. If you look at hour chart, we have a perfect head formed, left shoulder and almost right formed due to yesterday higher close and today's close; now we need to break neckline and voila, at least couple $ up guaranteed
Comment by
greatplay on Nov 16, 2016 5:09pm
I posted yesterday, today is continuation of building second shoulder; it can try further testing 2nd shoulder support, but it looks like it's finished building it. Today we had some testing of it, tomorrow we may test again, or will try to break. From what I see the line is below $3.50 US, more like 3.42-3.45; and that's where we failed to go higher