Thursday, August 4, 2011

Opening Bell

The long term EUA short trend is still strong, we have lower lows and highs on higher timeframes. Yesterday we had a new low after a resistance breakdown. It seems that we are retesting this breakdown this morning. We do not recommend looking for long signals until we see at least a new higher high above 13.60.
Meanwhile we are watching the breakdown retest and looking for a short signal such as a trendline breakdown.

No comments:

Post a Comment