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jforex78

Ferrari breaking out downside.

Short
Ferrari N.V. (BATS:RACE)  
jforex78  
BATS:RACE   Ferrari N.V.
Chart Patterns
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chartpattern
Ferrari in a very clear textbook #Distribution since a few days.
Institutions accumulating your Stop Losses.

So a super Flat channel - no subjectivity there.

We're missing a #BullTrap - Ideally I like to see one. Will be surprised if it breaks down so easily.

But still taking the trade at 930 EST Monday open - its 5x if it works.
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