patrick186
Short

McDonalds H&S confirmation

NYSE:MCD   MCDONALD'S CORP
46 0 2
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.
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
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