Microsoft - Daily Chart - Short Scenario
Planning to take a Short if
1. Price moves against Resistance level ( upper blue line)
2. Price falls under Trendline (orange line)
3. Would also like to see the Gap (orange circle) beeing filled before breaking down
Target:
Strong Support level (lower blue line) - there is also a gap above it.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
1. Price moves against Resistance level ( upper blue line)
2. Price falls under Trendline (orange line)
3. Would also like to see the Gap (orange circle) beeing filled before breaking down
Target:
Strong Support level (lower blue line) - there is also a gap above it.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
Trade closed manually:
Price moved further up - no trade