…now might be your chance.
Unfortunately, there are just no clear bottoming patterns emerging here. Instead, the ETF’s for the precious metals miners are all flashing bear flags on the cusp of breakdown into next week.
Bulls will be playing for a higher low or even double-bottom. But at this point sellers remains in control even after the bounce this week. Once price breaches the bear flags on the daily charts outlined below, shorts are likely to press their bets.
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Too difficult a trade; those are some bearish looking charts though.
I already pressed my bet. But in the metals, not the miners!
Rock on!
Looks textbook. Volume weak on bounce; y’days highs sold on decent volume w/ follow through today
Pullback volume light today.
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