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stocktrader15
Oct 3, 2015 9:37 PM

MU Short

Micron Technology, Inc.NASDAQ

Description

On this chart I see a big bearish vol spike, divergence in RSI and 60/10/10 stoch, cypher finishing. Wedges almost always break out when the wedge is about 60-70% complete from the start of the wedge to where the lines come together to meet, as you can see thats where we are here!. It is also hitting the .5 line on the fib extension which is a great reversal point. Also if you look left at the structure it would also imply a price drop here. Lets hope no crazy news comes ut over the weekend and we can pick up close to where it ended on friday :) Good Luck!
Comments
stocktrader15
The Bearish Volume spike is on the 5m time frame but it will not let me post the 5m chart, but if you look at the volume spikes on thuis 15 min chart you will notice a drop after every green volume spike that looks like the spike we are getting now, and this is backed up by the big bearish volume spike we are seeing on smaller TFs
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