Break out imminent?

Keep an eye on this one it looks likely to put in a nice correction some time soon. Look at the divergence on MACD
Remember we are looking for a break of the channel and a flag or correction below the breakout for confirmation before entering.

Alternately you could wait for the short move to complete and look for a long entry.

Forecasts will be updated as they develop so remember to follow to receive them. You can also follow updates via twitter (link via my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

코멘트:

Price has moved up to the channel top - It should come back down from there.
If we get a short entry set up it might be worth taking a punt with in the channel

코멘트:

Still waiting for a short trade

코멘트:

Waiting for a breakout - it will come sooner or later

코멘트:

We've had a breakout - now wait for an short entry set up.

코멘트:

Here we go - if you missed it wait for a correction to enter

코멘트:

Given the extent of the impulse this is still a very small correction. I expect this has much more downside to it

코멘트:

OK so far so good. I'm looking for a long trade now