This chart is hard to get perspective but on the daily the corrective wave has been going since 2009 ... crazy!!!!
Anyways it's a sell setup on the lower trend that we will be watching out for. Keep in mind you would have been waiting years for it to break and even in 2015 there was a false breakout.
Either way the setup is there and given the risk reward its worth just having a eye out for. If it breaks the lower trend line we would be waiting for a retest & rejection at a lower time frame before taking a position.
Anyways it's a sell setup on the lower trend that we will be watching out for. Keep in mind you would have been waiting years for it to break and even in 2015 there was a false breakout.
Either way the setup is there and given the risk reward its worth just having a eye out for. If it breaks the lower trend line we would be waiting for a retest & rejection at a lower time frame before taking a position.
