XMY analysis: short or long ?
Salem traders,
XMY has reached a strong resisatnce arc. and decision need to be made if it breaks it then it will loose 50% to 75% of its value.
if the resistance arc hold and we break above the resistance arc. then our first target would be 50% gain around the 190 level.
summary
Long
trigger above 130
target 190
stop loss 110
short
triger 110
rebound 1: 65
rebound 2: 45
XMY has reached a strong resisatnce arc. and decision need to be made if it breaks it then it will loose 50% to 75% of its value.
if the resistance arc hold and we break above the resistance arc. then our first target would be 50% gain around the 190 level.
summary
Long
trigger above 130
target 190
stop loss 110
short
triger 110
rebound 1: 65
rebound 2: 45
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