Double top inside a Cypher's PRZ

Earnings analysis for $PCLN:
$PCLN broke out of a weekly trading channel (red dashed lines). but it did it with a gap that closed as a bearish Pinbar .
1260-1280$ is a strong resistance zone with the figure level of 1300$ coming on top of it so there's plenty of resistance ahead if $PCLN intends to reach new record.
As long as the price remains below 1300$. the Cypher patter may still work and the double top we currently see in the PRZ could be the entry trigger.

Earnings involves high risk so don't forget to manage risks and choose the right strategy if you trade it before earnings .

Read the full analysis and more interesting trading ideas for stocks and FX in this week's WMA newsletter:

Become an Elite Zone member:!the-elite-zone/ce9a

Subscribe to the newsletter (free):!wma/c1jxp

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out