trading

trading

Saturday 12 May 2012

looking at the week ahead


We have a Head&Shoulder formation that everyone is talking about this week, but I think that we can have a surprise, and a Double-Bottom could play out. We had four closes under the neck line so far, but looking back on the chart, for your reference below November 2011, showing similar situation and you can see how it played out. We are going to have a resolution soon, move out of a trading range, but for now take things one day at a time, and be ready to take the opportunity of surprise if it presents itself.



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