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frodo75

Bear Flag and Diamond Top Reversal at AEP

Short
American Electric Power Company, Inc. (NASDAQ:AEP)  
frodo75 Updated   
NASDAQ:AEP   American Electric Power Company, Inc.
Chart Patterns
3
11
chartpattern
Bear flag can be seen inside the diamond. Both looking at the same target at 1.0 Fib of the length of the previous downswing. However, I would place a stop near 0.618fib due to the bullish bias of the market.
Comment:
Comment:
Looking at cross under 76.23 to short. Can't figure out a good SL position. If we don't see a spirited move to the downside, perhaps shorting is not the right strategy on this one. Will check volume profile and update.
Comment:
vol profile over last two years is well above current price.
snapshot
Comment:
The time has come. Me shorting now => greatest buying opportunity for the rest of you :)

snapshot
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