JBSS3 after long bull leg, strugles to keep going up and set up ready a down bear pivot on daily chart.
Fib levels are the targets, possible to just lay down in the first one.
Stops should be trailed by daily highs after closing the break down the pivot
The moving averages are practically facing downwards, and authorize the short side in swing trading
risk reward ratio isnt the ideal, but the OBV shows a massive sell volume and advanced breakdown there
paper is loosing ATH
Fib levels are the targets, possible to just lay down in the first one.
Stops should be trailed by daily highs after closing the break down the pivot
The moving averages are practically facing downwards, and authorize the short side in swing trading
risk reward ratio isnt the ideal, but the OBV shows a massive sell volume and advanced breakdown there
paper is loosing ATH
Order cancelled
the trade didnt reach my short trigger, it seams that was a fake breakout, so, im cancelling this, and looking foward if the paper come back again to new lows
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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.