Price has been trading in an ascending wedge structure. Price recently hit top of the wedge/sideways resistance, and has shown a clear bearish sentiment and a gap down suggesting bearish enthusiasm into the rest of the week. Nice tap at the Fibonacci extension expiry level shows we have hit a level of hidden resistance. I hope you have your own tested trading strategy so that you can trade this move when it starts.
Comments
handosul
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Thanks Tom.
I opened account for CFD stock.
Keep up the 90% to 99% accurate my teacher and mentor. :-)
TomProTrader
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Thanks. Happy to be working with you!
EvanJones
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What an unusual Stock?
TomProTrader
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?
EvanJones
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Just mean't that it's an unusual name for a stock that you don't often hear on a daily basis, e.g. obscure name, lol!
TomProTrader
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Understood. I read that as perhaps you had some information on the equity, hence saying it's an unusual investment. My mistake!
I opened account for CFD stock.
Keep up the 90% to 99% accurate my teacher and mentor. :-)