Have been watching this YELP triangle forming the past few days. Neutral sentiment right now. Technically the trend looks down, but ready to buy on breakout from the top trendline or short on breakdown from the bottom trendline. We don't have to choose a side in advance. Let the market show us, and be ready to take action.
Note
This may be the breakoutNote
Failed breakout that is?Note
A second failed breakout. Now this feels like a short candidate.Trade active
Went short this morningNote
hourly chart: maybe i was wrong here.. top of triangle seems to be holding as support nowNote
Earnings call tonight. Stock seems to be tanking in afterhours ahead of earnings call :)Trade closed manually
Things were just not looking right. Got out for a small loss 5 minutes before eod.
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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.