Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Ferrari breaking out downside.
Ferrari N.V.
Short
Ferrari breaking out downside.
By jforex78
Follow
Follow
Nov 12, 2023
1
Nov 12, 2023
Ferrari in a very clear textbook #Distribution since a few days.
Institutions accumulating your Stop Losses.
So a super Flat channel - no subjectivity there.
We're missing a #BullTrap - Ideally I like to see one. Will be surprised if it breaks down so easily.
But still taking the trade at 930 EST Monday open - its 5x if it works.
Chart Patterns
jforex78
Follow
Also on:
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
.