UnknownTraderH

Airbus is going to drop again

Short
EURONEXT:AIR   AIRBUS SE
As you look at the Aroon indicator, you can see that its indicating indicision. The price has also been consolidating in the channel(although it had a fake out recently). But what makes sense is that the price is forming a head and shoulder pattern and indicating a break out of the consolidation channel(might happen as a fake-out too). Moreover, the A/D is also showing more and more distribution, although the price has been trending upward recently. All in all, everything is pointing to more drops.
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.