On a technical basis one victim of a continued market tariff downturn maybe CrowdStrike (CRWD) providing a selling/short opportunity.
Particularly if DJT's tariffs start applying to services.
IMHO two bearish technical formations support this:
1. A Bearish Harmonic Shark formation
2. A Bearish Wolfe Wave
Additionally there is emerging RSI bearish divergence. (bottom panel)
Today the Fed speaks so perhaps this will provide this opportunity.
Optimally the $440 level may provide this selling opportunity.
Also let the overall direction and tone of the market should color your decision.
This is just my opinion. Do your own due diligence.
I will follow up with a short recommendation as warranted.
Good Luck
Particularly if DJT's tariffs start applying to services.
IMHO two bearish technical formations support this:
1. A Bearish Harmonic Shark formation
2. A Bearish Wolfe Wave
Additionally there is emerging RSI bearish divergence. (bottom panel)
Today the Fed speaks so perhaps this will provide this opportunity.
Optimally the $440 level may provide this selling opportunity.
Also let the overall direction and tone of the market should color your decision.
This is just my opinion. Do your own due diligence.
I will follow up with a short recommendation as warranted.
Good Luck
Trade active
Never got a chance to short this but the anaysis was spot on !
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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.