For the past month, price has been pushed down slowly staying near support for most of the time. Also, the 20ma has been acting as a dynamic resistance, and price has seen more resistance from a descending trend line.
Price has just broken and close below support (Double Blue Line)
Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past.
There is also a head & shoulders pattern on the MACD Leader, and Insync Index
Price target is $87.88 for a R:R of 4.47
Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57
Price has just broken and close below support (Double Blue Line)
Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past.
There is also a head & shoulders pattern on the MACD Leader, and Insync Index
Price target is $87.88 for a R:R of 4.47
Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57
Trade closed manually:
Trade Closed at $97.10 for a return of 2.02%