📉 Short Setup
🔍 Description:
Exelon Corporation (NASDAQ: EXC) has formed a Double Top pattern, signaling a bearish reversal. The price has broken below the neckline, confirming downside pressure. Current consolidation below the breakdown point suggests continuation lower, with a clear risk-defined setup.
📌 Confirmation:
Neckline break on increased volume confirms bearish intent. If price reclaims and holds above the neckline, the setup could be invalidated.
Trade safe! 📉🚨
🔍 Description:
Exelon Corporation (NASDAQ: EXC) has formed a Double Top pattern, signaling a bearish reversal. The price has broken below the neckline, confirming downside pressure. Current consolidation below the breakdown point suggests continuation lower, with a clear risk-defined setup.
- 📊 Trade Details:
- 🔹 Entry: Below neckline confirmation
- 🔴 Stop Loss: 45.60
- 🟢 Target: 37.78
📌 Confirmation:
Neckline break on increased volume confirms bearish intent. If price reclaims and holds above the neckline, the setup could be invalidated.
Trade safe! 📉🚨
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.