SHOP Short Idea
Idea of a swing position short on this asset after a beautiful bull trap on a reversal configuration.
We had a big dump of the asset then a correctif period that seams to be over soon for me and this bull trap can definitly be the perfect short signal.
As target I try to be as conservative as I can but if this pattern is correct then we can see a huge drop of the price in the following months.
Great Trade !
We had a big dump of the asset then a correctif period that seams to be over soon for me and this bull trap can definitly be the perfect short signal.
As target I try to be as conservative as I can but if this pattern is correct then we can see a huge drop of the price in the following months.
Great Trade !
Note
The $50.0 level absorption isn't very good for the shorts ... let's see
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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.