Metals – A Setup Appears
Metals – A Setup Appears
My subconscious must have been blocking this from me, and at first glance I don’t know why, but I don’t like it. Experience tells me that many of the setups I *don’t* like instinctively are the best. I agree with Mole that it would look nicer after another squeeze, but beggars cant be choosers. Make sure you only take it if it breaks the daily low, one more squeeze first is a strong possibility.
Anyway, looking at it, its a retest variation sell after a failure at 50 EMA resistance. I’m taking it. I’ve been waiting for it. Its here.
Scott
[reposted to the new server by Mole]