Hello Traders! I'd love to hear your opinions on this.
Disney Reversal Signals:
#1. Divergence on RSI & Price Action
#2. Approaching Overbought on RSI
#3. Approaching Former Selloff area (Watch reaction)
I am interested to see whether DIS will try to fill the gap below. The gap has confluence with the .618 FIB retracement level. I will be shorting at the orange box area. This is simply my bias.
I am not a financial advisor.
Disney Reversal Signals:
#1. Divergence on RSI & Price Action
#2. Approaching Overbought on RSI
#3. Approaching Former Selloff area (Watch reaction)
I am interested to see whether DIS will try to fill the gap below. The gap has confluence with the .618 FIB retracement level. I will be shorting at the orange box area. This is simply my bias.
I am not a financial advisor.
Comment:
Trade hit my stop loss. I feel as though I could have done a better job analyzing my RSI. The divergence analysis was a bit forced.
Trade closed: stop reached:
Stop loss reached. Rookie mistake overlooked earnings.