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JohnStivers
Feb 28, 2018 4:40 PM

NANO Short

Description

See a repeating pattern from 6th - 10th mirroring current state from 26th - 28th. RSI Similar also, MA Crossovers 20/50. 1 Hr charts after testing .382 Retrace. Might play it safe and exit position and look to buy back in 11.2 - 11.9. Volume falling also will look to buy back in if breaks 15.2K. New to this so let me know what you see these are just my thoughts.

Comment

Wrong on the down call as volume climbs and sentiment is gaining momentum, look at continual tests of that heavy resistance at 15.5K. Higher highs after each downward movement and less of a rejection of that heavy resistance line. Last rejection sent the SATs under .236 retrace. As volume climbs and push through heavy 15.5 could see a very big move. Volume climbing again!
Comments
JohnStivers
Wrong on the down call as volume climbs and sentiment is gaining momentum, look at continual tests of that heavy resistance at 15.5K. Higher highs after each downward movement and less of a rejection of that heavy resistance line. Last rejection sent the SATs under .236 retrace. As volume climbs and push through heavy 15.5 could see a very big move. Volume climbing again!
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