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BHP Sell Setup

Discussion in 'General Share Chat' started by scradley, Aug 6, 2016.

  1. scradley

    scradley New Member

    Hi Everyone, there is a sell setup playing out here for BHP on the London Stock Exchange.

    We are waiting for the break of the lower trend line and then will watch it on a lower time frame for a retest and rejection.

    There is also a potential for it to bounce up to the top trend line where there would be another opportunity to sell although that would be higher risk.

    A break up and out of the triangle would invalidate the pattern.

    Steamy likes this.

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