LABU has been going crazy up for the last 3 trading days, gaps everyday. I'm considering short LABU or say long LABD soon.
3 reasons:
1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back
2. hidden RSI bearish divergence
3. MFI is approaching over-bought area
Cheers~
3 reasons:
1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back
2. hidden RSI bearish divergence
3. MFI is approaching over-bought area
Cheers~
Note
I see some MACD and RSI Bearish Divergence on 1H and Hidden Bearish Divergence on 4HNote
The last comment i had is according to XBI, not LABU/LABDNote
Welp....Note
keep going XBI keep goingNote
so far i'm out for this trade now, and I'm just using it as a study.this short is running great as I projected, let's see if it can close the big gap by next week.
P~o~t~a~t~o~~~!!
Note
Trade(study) will end when the price close the gapTrade closed: target reached
Gap closed, now wait for more price actions and see we can have some long opportunitiesDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.