Tornado_Trading

Bearish divergence on CMA Daily and 4H

Short
NYSE:CMA   Comerica Incorporated
Weekly (not shown):
Possible bearish divergence coming up. Impulse still green, but is shows prices around 101 were rejected and price closed much lower.
MACD-Histogram still rising, as well as EFI. sRSI declining, although it could cross.

Daily
Bearish divergence on MACD-H, MACD lines, EFI and even Stochastic RSI. Stoch RSI crossed bearish and comes from an overbough condition. Even an ATR channel divergence. Current bar shows an upwick and rejected the to close around the 101$ resistance


4H
Bearish divergence again on ATR lines, MACD-H and MACD lines, and EFI. sRSI is bearish and is declining.


Entry:
At this level, but first we need to see how the weekly opens.

98-99,5

Stop:
102

Target 1: 94,46
Target 2: 92,88