Strong resistance level on Monthly chart combined with a 88.60% Fibo retracement suggest a short from current position.
Will open a short position with SL at 107 and targeting a 50% retracement of a current movement, approximately 55 USD per share
Will open a short position with SL at 107 and targeting a 50% retracement of a current movement, approximately 55 USD per share
Trade active
Short position openedNote
Keeping the short positionNote
88.60% violated. Unless a miracle happens this should go higher. Waiting for SL to be hit...Trade closed: stop reached
SL hit. Options for a double top or triangle may be considered but need further evolution on the price
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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.
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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.