Bearish Engulfing in HD on Friday.
Stock tested upper resistance level of massive window but failed 2 times. This second time a bearish engulfing was formed. Short idea, with tight stop loss above pattern high @ 235,71 USD.
Target is set to last significant low of the former rally, which is at around 217,53 USD.
Stock tested upper resistance level of massive window but failed 2 times. This second time a bearish engulfing was formed. Short idea, with tight stop loss above pattern high @ 235,71 USD.
Target is set to last significant low of the former rally, which is at around 217,53 USD.
Trade closed: stop reached