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vf_investment
Dec 14, 2022 3:17 PM

Footlocker (FL) - Multiple tops - Short Short

Foot Locker, Inc.NYSE

Description

On this chart (1d timeframe), we can see multiple tops have appeared. Multiple tops is a bearish pattern so it's likely the price will drop. Also, there is a gap to be filled. Once the price has gone beneath the support line the trade can be entered. The price will find support in the support area, this would be the area where the profits can be taken. When it reaches the support area we expect a small bounce before it continues going down.

See further details on the chart.

Goodluck

Trade active

Support failed as expected. Expecting continuation to the downside now

Comment

The price bounced from the support!
Comments
RLinda
Thanks for your hard work, your idea can achieve results) Thanks friend)
Lingrid
Perfect job, thanks
UnknownUnicorn15614419
Strong levels are waiting for us in the way of price 😬 Good luck in trading 🤞 , the current position is on our side!
Solldy
A very interesting publication. Thanks to the author for the work! As I understand, the idea of the publication came after the last news on the asset?
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