$CAT Short setup

Price: $145.00 Shorting against the sma50, stop set 147.11

Note

3.12x average volume, ugly candle $139.74
Trade wars will be a headwind. In my opinion, more downside ahead.

Note

Tested and rejected at the sma50 yesterday.

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Gap down today to $135.62, after testing and failing at the sma50, still short

Note

Gap down to $135.54

Note

Another gap down to $131.60

Trade active

$139.47 weak, another test of the sma50, rejection likely, added more, tight stop.

Trade closed manually

$141.30

Edogawa89

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Edogawa89

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