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andre323

CISCO Possible bearish trade, Break Out volatility

Short
Cisco Systems, Inc. (NASDAQ:CSCO)  
andre323  
NASDAQ:CSCO   Cisco Systems, Inc.
Trend Analysis Support and Resistance Candlestick Analysis cisco Bearish Patterns wfxauditions2017
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trendanalysis supportandresistance candlestick cisco bearish wfxauditions2017
The title has reached the 2007's top, and it has tested it three times.
Volumes are in downtrend.

Monthly Chart:

snapshot

Weekly Chart:

snapshot

Daily Chart:

snapshot

We can wait the break out of the congestion for open a short position. Stop Loss above the resistance, take profit like in the image.

Of course, if the price overtakes the resistance's line we can open a long position and follow the trend.
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