monthly chart
monthly trendline broken.....
two scenarios could happen:-
1. price would retrace upwards to re-test the trendline
2. price could dive to next support (148.19) by year-end
most likely, scenario # 1 would happen as the 1st breakout is usually a false one...
take note this is the MONTHLY chart...
so the scenarios could take place in a few WEEKS period..
so, watch out and trade the chart....
me??? would stay out of any retracement upwards
and wait for confirmation to load more shorts
until the chart asks me to stop...
=))
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