$Is the bear here yet? Brothers??
Last night I noticed the double top pattern appearing in front of 1.48 at $API3 , and decisively told fans to go short. It dropped to 1.36, pocketing a 7-point profit!
From a technical perspective, the MACD has a high position death cross, and trading volume is shrinking, clearly a trap for buyers. Fans following the short position are now flaunting their profits.
Next, watch the 1.36 support; if it breaks, look at 1.26. Those who have taken profits should pull back, and the rhythm of shorting to reap gains continues!
