CPR trade ideas

gmaggiore

Can we see the moving average for the period of two months. In two periods the moving average is below market prices showing a bullish trend and in two other periods the moving average crosses the price to position itself above these showing a bearish trend.

gmaggiore

As we can see on the chart, in two months time frame, there is a bearish trend line that has been tested four times.

gmaggiore

Head and shoulders pattern has developed on CPR, in three months. A short position is recommended when the price breaks the neck resistance.

gmaggiore

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