TradingView
RizeSenpai
May 28, 2023 12:45 PM

AmerisourceBergen Corporation: Bearish AB=CD & 3 Drives Pattern Short

Description

ABC currently is Bearishly Diverging on the MACD and RSI around the 2.414-2.618 PCZ of a Bearish AB=CD where it has also developed a Bearish 3 Drives Pattern and a Bearish Shark. If we get the action I'm expecting to see from here, it will come down and break through the trend line and then continue down to the 0.886 retrace at $77 in a dramatic way.

Trade active

I have entered the Bearish trade on this via selling multi month calls and buying multi month puts as the price is currently confirming weakness:
Comments
numan_42_
are u still holding them
More