YELP is almost ready to short [Just an idea]
Updated
Hi traders,
We're currently looking at Yelp's daily chart here. There are some good reasons to short soon.
Entry: $ 31.63
Stop: $ 33.80
Target: $ 26.60 = R:RR 2.32
Just an idea. Updates will follow.
We're currently looking at Yelp's daily chart here. There are some good reasons to short soon.
- Previous structure formed at August 2015 and December 2015.
- Completed AB=CD=EF pattern
- Fibonacci extension confluence
Entry: $ 31.63
Stop: $ 33.80
Target: $ 26.60 = R:RR 2.32
Just an idea. Updates will follow.
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