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Duffy08
Nov 13, 2018 8:09 AM

Short Play on 9 in 9 for CSL Short

Carlisle Companies IncorporatedNYSE

Description

NYSE:CSL came across our 9 in 9 scanners past 2 days (Daily 9 inside Weekly 9) and seems like interesting short opportunity.

Spitballing here...but for advanced TDreasons that I don't wish to dig into here price should target the pink line on the weekly chart shown (low of candle 6 aka Swing Low). Priced bounced from there directly into a perfected Sell Setup 9 on daily.
So our Weekly is is bearish (not the type of Buy Setup 9 that you're looking to buy) and should target pink line, our Monthly is bearish (bullish count broke 1.5 months ago), and our Daily 9 just provided us a perfected sell set up into some resistance.
Short recommended with pink line as first target (will target more if daily count is fresh...will for sure close if a buy set Up 9 comes before the 6 low aka Swing Low).

Daily Chart with same pink target:

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Stop loss would be a Green Number candle slosing above the red line on this chart below:

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Notice how close of day sucked back under SL line?

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took short right against red line...STOPPED out on green candle closing above it.

Trade closed: stop reached

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