LYB Daily Bearish Divergence at Critical Resistance
Good morning ladies and gents, LYB is showing Daily MacD Bearish Divergence at a critical area of resistance inside of two converging trend lines. It is a Rising wedge, although the best wedges are the ones with at least 5 touch points. Either way, it's still a range between two converging trend lines.
Entry Target for the Short is at $96-$96.50
Exit Targets are inside the pink box. 50%/61.8% retraces being the best targets for a wedge measured move.
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Entry Target for the Short is at $96-$96.50
Exit Targets are inside the pink box. 50%/61.8% retraces being the best targets for a wedge measured move.
Join our Free Telegram Channel: t.me/ChArtWorks
We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019.
Subscription options are $15 a week, $50 a month or $500 a year. These are extremely cheap options compared to most other premium groups! We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups."
50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else.