Hello traders! Watch price action. It can form a correction on this level. If the price break the trend line and have a strong impulse down, then it can be a good short opportunity. If touch the trendline and reverse than it may go for a new high. Don't just jump into the trade!!!
Least expected now when U.S. indices are higher than ever? What if the new highs are merely a false breakout? I know this is not my first idea of this market, but I get new ideas as I learn.
Described 3 nice Support and resistance with a clear and simple downtrend line. RSI and Stoch confirm decisions as usual, TP and SL provided
I'm short ATVI. Looks like a nice double top formation and falling MACD signals. I'm targeting $28.
I'm short M under the neckline.... This looks like a beautiful H&S pattern forming. 34 target.
I'm short BBBY under 48. I expect this to roll over after the massive wick that printed today. Ryan