Discovery inc. Disca double top short position
Updated
Discovery INC looking like it wants to come down, we have a double top on the weekly with bearish divergence on the monthly and the weekly.
The top is confirmed on the weekly so we have confirmed divergence on the monthly.
as shown i have the neckline which we are currently trading below.
I think 31 or 30,5 is a descent target on this. Also i think its imortant to have atleast a daily close below the neckline wich will likely get confirmed today.
Goodluck all!! :)
The top is confirmed on the weekly so we have confirmed divergence on the monthly.
as shown i have the neckline which we are currently trading below.
I think 31 or 30,5 is a descent target on this. Also i think its imortant to have atleast a daily close below the neckline wich will likely get confirmed today.
Goodluck all!! :)
Note
neckline looks rejected, getting a weekly close below is the key otherwise its a no go trade, currently it has to close below 31,85Trade active
This weekly getting a bearish doji, confirmation under the neckline.Good entry point!
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