📉 Short Setup
🔍 Description:
AutoZone Inc. (NYSE: AZO) has formed a Head & Shoulders pattern, a bearish reversal setup. The price is hovering near the neckline, and a breakdown would confirm downside momentum. A retest of the neckline could provide another short entry opportunity.
📊 Trade Details:
📌 Confirmation:
A breakdown with strong volume adds conviction to the move. If price reclaims the right shoulder highs and holds above, the bearish setup could be invalidated.
Trade wisely! 📉🚨
🔍 Description:
AutoZone Inc. (NYSE: AZO) has formed a Head & Shoulders pattern, a bearish reversal setup. The price is hovering near the neckline, and a breakdown would confirm downside momentum. A retest of the neckline could provide another short entry opportunity.
📊 Trade Details:
- 🔹 Entry: Below neckline breakdown confirmation
- 🔴 Stop Loss: 3838.07
- 🟢 Target: 2980.10
📌 Confirmation:
A breakdown with strong volume adds conviction to the move. If price reclaims the right shoulder highs and holds above, the bearish setup could be invalidated.
Trade wisely! 📉🚨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.