📉 Short Setup
🔍 Description:
Comerica Incorporated (NYSE: CMA) has formed a Double Top pattern, signaling a bearish reversal. The price has broken below the neckline, confirming downside pressure. Current momentum favors continuation lower, with a clean risk-defined setup.
📊 Trade Details:
📌 Confirmation:
Neckline break with strong bearish volume confirms the pattern. If price reclaims and holds above $59.07, this setup could be invalidated.
Trade safe! 📉🚨
🔍 Description:
Comerica Incorporated (NYSE: CMA) has formed a Double Top pattern, signaling a bearish reversal. The price has broken below the neckline, confirming downside pressure. Current momentum favors continuation lower, with a clean risk-defined setup.
📊 Trade Details:
- 🔹 Entry: Below neckline confirmation (~54.99)
- 🔴 Stop Loss: 59.07
- 🟢 Target: 50.65
📌 Confirmation:
Neckline break with strong bearish volume confirms the pattern. If price reclaims and holds above $59.07, this setup could be invalidated.
Trade safe! 📉🚨
Trade closed: stop reached
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.
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.