devicemxl
Short

DFS-160413-SMA/FIB-G1D-SHORT

NYSE:DFS   DISCOVER FINL SVCS
NYSE:DFS             is involved in a large downtrend, now is at the end of a correction bull trend, but is close to turndown. The price is close to test the 52 zone or 23.6 of her fibo and the 200 sma . i think the price can return over test the 200 SMA .
snapshot

Setup: short
TP1: 43
SL: 53.2
entry: 52.5
Trade closed: stop reached: The trade fail, bad drawing at wedge. The price follow the sector and make a big gap, the volume is ok, the level is ok, etc. Hypothesis: Incorrect setup =) Now wait...
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