I placed a short quick trade after noticing
1. The up trend channel was broken
2. A gap to the down side at highs is formed
3. Previous swing low broken and stock made a Lower High and a Lower Low ( Good signal of a change in trend)
4. The Indicators - being Volume and Oscillators - changed to negative
5. Target to the weekly 50% Fib retracement
6. The broader market being the SPX and the NQ not in a strong uptrend too
1. The up trend channel was broken
2. A gap to the down side at highs is formed
3. Previous swing low broken and stock made a Lower High and a Lower Low ( Good signal of a change in trend)
4. The Indicators - being Volume and Oscillators - changed to negative
5. Target to the weekly 50% Fib retracement
6. The broader market being the SPX and the NQ not in a strong uptrend too
Trade active