- Its a day of false breakouts.
- Silver did an upper breakout from its rising wedge and gave a correction
- Crude oil false breakout was from an ascending triangle pattern.
- SPY and ES did gave false breakouts from the rectangles in which they were trading. Price is moving in the opposite direction.
- Usually price moves well in the opposite direction after a false breakout. ES and SPY are doing it, But silver is trying for an upper breakout again.
No comments:
Post a Comment