Short
Drive Shack Requested
Looks like its in for some down action as both RSI and Price action are leaning towards a descending triangle which most are inherently bearish.
Still has some potential gains to attack the top again and break free but something tells me the selling isnt over
Still has some potential gains to attack the top again and break free but something tells me the selling isnt over
Note
broke support and now using the channel as resistance - im out!Note
Stop loss was good for the wicks...made the pumphowever it didn't hit the 60% goal so I wait
For now, Im looking to see the back test at $2.75 and....
if it bounces i will go back and investigate
if breaks structure through the downside again, exiting this trade might be a good idea
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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.