Hi guys,
This will be a nice sell set up when it breaks the daily uptrend. It will either consolidate and break or retest the double top before breakout. Looking for a sell set using your trading strategy is probably a good idea.
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This will be a nice sell set up when it breaks the daily uptrend. It will either consolidate and break or retest the double top before breakout. Looking for a sell set using your trading strategy is probably a good idea.
Like and follow to receive instant notifications and updates on all my ideas.
Thank you for your support.
Comment:
Expecting price to move in a consolidation phase for a while between current range and top of double top range, but ultimately will soon break the daily uptrend line and breakdown to the lows. When exactly this happens? There is no way of knowing for sure, but we will soon find out. If you have your tested trading strategy you will know the exact time to be entering and exiting this stock.
Comment:
Watch for a sell set up. To see a candle trading into the lows of yesterdays candle would be a good sign that the bears are looking to break out to the lows of the range. If it closes as an engulfing today buying into the bear momentum would probably be a good idea.
