This chart is interesting because as you can see
GOOGL
has had a STRONG uptrend and continues to respect the trendline over time. on the other side we see that we have weakness in the near term and have breached the 50ema and the shorter term EMAs have crossed. If the trendline is broken we can look to short under $139, if we see a bounce materialize here and we break the immediate downward trendline then we can look to go long safely over $145.
Trade SAFE!
GOOGL
has had a STRONG uptrend and continues to respect the trendline over time. on the other side we see that we have weakness in the near term and have breached the 50ema and the shorter term EMAs have crossed. If the trendline is broken we can look to short under $139, if we see a bounce materialize here and we break the immediate downward trendline then we can look to go long safely over $145. Trade SAFE!
Comment:
approaching our Long entry of $145
Trade active:
This has broken the upward trend line and we look to take this short with a stop around 143
Trade closed manually:
Closed this down here as we got a buy signal on the daily. could be a potential reversion trade from here
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-Trade Daddy
-Trade Daddy