We have quite the H&S confirmation signal here with the weekly close below the weekly 50/60 ema aswell as the neckline. Obvious short play and should be an easy 3.3%
Stop is protected behind daily 200/250 ema + fib retrace. If price pulls back into the week for a retest of daily resistance I may add to the position.
Stop is protected behind daily 200/250 ema + fib retrace. If price pulls back into the week for a retest of daily resistance I may add to the position.
Trade closed manually:
Ended up closing this when daily bottomed out and pointed towards a bullish move back up to support. Figured I could get double confirmation with a retest of support + a tighter position to squeeze out some extra profit. Actually going to let this one go and focus on $DJI, $AAPL, $GOOGL, and $TWTR