Bearish Gartley PCZ reached with Triple MACD Bearish Divergence Short

MGIC Investment CorporationNYSE

Description

⋅ Jan 22, 2021 8:38 PM

I have identified triple MACD Bearish Divergence on the daily timeframe after hitting and briefly exceeding the PCZ of a Bearish Gartley.

Entry: $12.5 - $13
SL: $14
TP: $5

Comment

⋅ Jan 22, 2021 9:07 PM

The weekly just closed and we have a confirmed weekly bearish engulfing with weekly hidden bearish divergence.