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vf_investment

HOOD double top 22 % drop possible

Short
Robinhood Markets, Inc. (NASDAQ:HOOD)  
vf_investment Updated   
NASDAQ:HOOD   Robinhood Markets, Inc.
Wave Analysis Technical Indicators Chart Patterns Tesla Motors (TSLA) tslashort tslalong tslaanalysis tesla teslaanalysis teslaidea
5
2
waveanalysis indicator chartpattern tsla tslashort tslalong tslaanalysis tesla teslaanalysis teslaidea
HOOD price is forming a double top pattern.

How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart

Fundamentals:
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto markets

Good luck
Comment:
Double top pattern didn´t play out as expected but there´s potential for a triple top if we get rejected at the resistance.
Similar chart to Tesla chart that we published some time ago:
TSLA - Triple top formed 15 % drop (NEW)
💥 Free signals and ideas ➡ t.me/vfinvestment

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