KMX retested on friday the multi month bearish trendline and failed again to make a new high. It failed with a bearish engulfing with a very nice profit potential at the last significant swing low.
Only downside is the open window right below the bearish engulfing pattern, but if this can get closed, the last swing low is highly probablistic.
Put in a tight stop and lets see what the market does. :)
Only downside is the open window right below the bearish engulfing pattern, but if this can get closed, the last swing low is highly probablistic.
Put in a tight stop and lets see what the market does. :)
Trade closed: stop reached
Stop reached.
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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.