HOOD
This HOOD will be snipped
HOOD is currently in an existing downtrend.
I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since.
April ’22, price broke down from range signaling continuation of downtrend.
Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance.
MACD is in bearish territory and has also cross its signal bearish.
This is my cue to enter trade short.
Entering trade short.
Entry: 9.27
Stoploss: 11.23
Target: 6.58, +28.85%, 1.35 RR ratio
This HOOD will be snipped
HOOD is currently in an existing downtrend.
I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since.
April ’22, price broke down from range signaling continuation of downtrend.
Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance.
MACD is in bearish territory and has also cross its signal bearish.
This is my cue to enter trade short.
Entering trade short.
Entry: 9.27
Stoploss: 11.23
Target: 6.58, +28.85%, 1.35 RR ratio
Trade active
Trade closed: target reached
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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.