Pattern/Why- breakdown of and ,
Entry Target Criteria- below $103.33 (hit November 15, 2016)
Exit Target Criteria- $87.23
Stop Loss Criteria- $108.27
Indicator Notes- big drop in Twiggs
January 30th- Declined & closed below entry price, looking good as short.
January 25th- Declining slowly holding below MA50, We still like this as short.
January 20th- seems rolling over testing MA50, wait & see situation.
January 18th- this is still below our stop loss criteria and overhead resistance but is not looking very good as a short.
January 11th- Made a lower low but closed at the top of the range. Still holding below EMA lines & showing downside potential.
January 10th- Made a sharp decline & traded below opening price, money flow declined sharp. Looking good as short now. updating our stop loss criteria to $107.23
January 6th- Seems rolling over & closed below EMA lines.
January 4th- Consolidating just above EMA lines & below MA20. Not looking very good.
December 28th- After some upward run seems rolling over to the down side. Now wait & See.
December 19th- holding below our stop loss criteria but not looking good as a short
December 12th- Retested MA20, but closed below.
December 6th- Strong downward move from EMA lines, looking very good as short.
November 30th- Huge 3.56% decline today and closed below entry price. Looking very good as short.
November 15th- hit entry zone criteria and now we wait and see
Check out some of our free video examples @ Youtube- https://www.youtube.com/channel/UCff33DC5kOA7FxIm_yhea1A/videos