Short RL! Very bearish!!!!

Discussion in 'Trading' started by YoungOne, Oct 6, 2009.

  1. I see very bearish scenario presenting here in the RL hourly. I suggest you all short with a lot of size. Target is big $.
  2. I can still see some price on that chart. I suggest you cover it with some more indicators.
  3. Priceless.
  4. I need one more confirming indicator before I'll do it....9 just isn't enough :D :D
  5. wave


    Good eyes YoungOne.

    Nice short candidate. I would hold it to 40.
  6. would wait for a breakdown of the rising wedge before I hold that long (to 40), been in a nice upward channel. Once it breaks that wedge I would be cautious and possibly add more to the short in the break and retest of the channel. Would cover around 45-50 as that looks like possibly new support. Plus 50 is around the 61.8 retracement (if you use that)

    edit: nice find but really can't tell how you found that from all those lines...
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