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MechanicalTrader13

COIN - False Breakout

Short
Coinbase Global (NASDAQ:COIN)  
MechanicalTrader13 Updated   
NASDAQ:COIN   Coinbase Global
Chart Patterns Pennant
2
1
chartpattern pennant
No news rip, looking to be a false breakout on this pennant. Expecting reversal to the downside.
Comment:
RSI on the 1H, 4H overbought
Comment:
Comment:
Based on pennant and fib levels:
PT1: 60
PT2: 53
PT3: 43

snapshot
Trade closed: target reached:
Closed yesterday at opening bell. Flawless play.
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