do you think there is still room for upward moves, the sell offs on the short would be pretty powerfull aswell
allocated609
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@aadeojo, Definitely, the rising wedge has been in the making for a while and this is also just my long term analysis
allocated609
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@allocated609, The stop loss I placed was under the assumption of more bull moves
aadeojo
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@allocated609, Yeah if its gonna drop, it would go with a bang, I feel it might break that resistance from April 7th, a false breakout or something. great analysis. how long do you hold trades?
allocated609
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@aadeojo, My trades vary but usually no longer than a week, I didn't post this as a trade setup though. I mostly just wanted to point out what may happen over a long period
aadeojo
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@allocated609, Same, Its good to see the higher time frame trends.
allocated609
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@aadeojo, Yessir I agree. Wouldn't surprise me if GJ price hits upper TL in my setup before the fall. Only time will tell
aadeojo
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@allocated609, lol,(i actually laughed out loud) I never thought of that saying while trading but very true. only time will tell, such is life.