Combining the fundamentals (Coronavirus -Travel restrictions) with the current technical chart situation AC couldn't break the triangle from the top.
Short AC at open (ensure doesn't open over the triangle) and hold a short position if closes within the triangle shown above.
Note: Breakout of the triangle towards the top will mean an additional jump back to levels of $35.0 Therefore, set stop-limits at triangle levels.
Short AC at open (ensure doesn't open over the triangle) and hold a short position if closes within the triangle shown above.
Note: Breakout of the triangle towards the top will mean an additional jump back to levels of $35.0 Therefore, set stop-limits at triangle levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.