Short

Short Idea

Updated

Follow me, anyways, here we are. I did a simple and really quick analysis... There is symmetry (light blue info line), what you see to the right is a combination of all of the patterns I made on the LEFT. The grey lines look like accurate predictions. I'm shorting or holding puts until Friday, getting out at 250 and reshorting Monday at 260-263, what do you think?

I believe we are in an ascending wedge. The impulse elliot bear pattern is still in play here and is the larger force in play. LIKE if you like it and please let me know about target for 230 in two weeks.

Thanks!

Note

I should have drawn the trendines of support and resistance. Basically the support line would start around March 16 and cover the bottom of the beginning of April. This shows me a support at 250 on Friday. Additionally, a resistance level above all this to define the upper range. This is my 260-263 or 265 range on Monday.

Note

Also, there is more selling volume on the 4hr if you noticed. I believe big money/smart money is selling. Follow me on StockTwits too at ChargingBull

Goodluck trading!

ChargingBull

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