Oct's range was around 70-74c. Nov we stayed within that range. Start of Dec (4th) we tested the upper limit and created a double top.
It wasn't until the start of 2016 that we broke out of Oct's range when it headed south below 70c. Spring response with a retracement to 50% of Oct's range and made its way back to 72c. My prediction is we roll over, head below Jan's low and break 68c.
Eye's on lower time frame to place short entry.
Oct's range was around 70-74c. Nov we stayed within that range. Start of Dec (4th) we tested the upper limit and created a double top.
It wasn't until the start of 2016 that we broke out of Oct's range when it headed south below 70c. Spring response with a retracement to 50% of Oct's range and made its way back to 72c. My prediction is we roll over, head below Jan's low and break 68c.
Eye's on lower time frame to place short entry.