NYSE:AAP   Advance Auto Parts Inc Advance Auto Parts Inc W/I
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2
Front-testing...

Reasons for short:

1. Fib confluence from the primary cycle and Intermediate cycle
2. Intermediate cycle completed 5 waves, needs ABC correction; Primary cycle completed 3 waves, needs 4th wave retracement.
3. Bearish Divergence Stoch
4. Too much deviation from 20 MA
7. Top of the channel
6. Volume spikes at the top
7. 2 Inside Tweezer Bars

Signal for short:
Watch for the break of blue TL.
or Use inside bar rules.


Expecting 183 by May 12. It still has room to 204 as long as TL doesn't break. If the market pumps it to 204, we will get an opportunity to buy puts for cheap.
Comment: Lolz and the accumulation is at 150... POC is too far..
Comment: and a Frekin 2 tops from 2015...
----Stacking Probabilities-----