The commodity has broken out of the corrective structure to the downside suggesting a deeper correction of the main up trend is possible now providing a short term short opportunity.
Note: The larger degree is an uptrend and whatever down move should be considered as a larger degree corrective move and can be dangerous if you don't use the proper strategy. It has a possibility to break to the upside as can happen with this type of structure and no shorts should be taken without a confirmation.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
Note: The larger degree is an uptrend and whatever down move should be considered as a larger degree corrective move and can be dangerous if you don't use the proper strategy. It has a possibility to break to the upside as can happen with this type of structure and no shorts should be taken without a confirmation.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
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