Dark Pool Buy Zones and Sell Short Risk: LCID
Dark Pool buy zones tend to provide strong support for stocks running down. If a stock violates the lows of such support, the rebound tends to come quickly, erasing any sell short profits.
This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside potential for a strong sell short.
There is risk that LCID may gap or run down but then reverse quickly and move back up. Whipsaw reversal candles near Dark Pool buy zones can cause big losses for short sellers at this level.
This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside potential for a strong sell short.
There is risk that LCID may gap or run down but then reverse quickly and move back up. Whipsaw reversal candles near Dark Pool buy zones can cause big losses for short sellers at this level.
Martha Stokes, CMT
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
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.