CCI is back up to 0 and is a decent place to initiate shorts.
Big head & shouders top pattern signaling a change in trend from up to down.
Unfilled gap down below near the $60 projection going out to summer.
Cover when CCI reaches close to -200 (perhaps -190).
78 is key resistance. Use stops 3 ATR's above your entry and definitely beyond key resistance at 78. 75.97 last.
Targeting 70-68 initially.
Big head & shouders top pattern signaling a change in trend from up to down.
Unfilled gap down below near the $60 projection going out to summer.
Cover when CCI reaches close to -200 (perhaps -190).
78 is key resistance. Use stops 3 ATR's above your entry and definitely beyond key resistance at 78. 75.97 last.
Targeting 70-68 initially.
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
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.