CCL - BEARISH
CCL is my beloved cash frog, and one of the only stocks that for the most part respects my strategy. Lets see what happens:
-REJECTION REJECTION: Failed to fill gap and move up. (When what should happen doesn't-DO THE OPPOSITE)
-Major Confluence: .5 retracment fib and TL are lining up at the 24-25.50 area, making it likely for a triangle break.
-NYA-NYSE Composite looking very weak.
-I've already entered this trade short, but for those who havn't yet, i wouldn't unless a confirmation of the triangle break around 26.25 set stop/loss tight at the high of the previous candle before the break-out candle and target 24.50.
CCL is my beloved cash frog, and one of the only stocks that for the most part respects my strategy. Lets see what happens:
-REJECTION REJECTION: Failed to fill gap and move up. (When what should happen doesn't-DO THE OPPOSITE)
-Major Confluence: .5 retracment fib and TL are lining up at the 24-25.50 area, making it likely for a triangle break.
-NYA-NYSE Composite looking very weak.
-I've already entered this trade short, but for those who havn't yet, i wouldn't unless a confirmation of the triangle break around 26.25 set stop/loss tight at the high of the previous candle before the break-out candle and target 24.50.
Comment:
Moving in the right direction, going to trim some positions at trendline around 25.5.
Comment:
Trimmed positions here. Touched trendline.
Comment:
If it can hold this Trendline we should see a bounce up and another opportunity to add more puts.
