2/21/25 - DNA: new SELL mechanical trading signal.2/21/25 - DNA: new SELL signal chosen by a rules based, mechanical trading system.
DNA - SELL SHORT
Stop Loss @ 16.36
Entry SELL SHORT @ 10.82
Target Profit @ 6.98
Analysis:
Higher timeframe: Prices have stayed below the upper channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3 SELL pattern...where the current highest top breakout price is less than the preceding top price.
Higher timeframe: Price peaked above the ATR (Average True Range) breakout high and then reversed.