Snek

PGX Weekly

Short
AMEX:PGX   Invesco Preferred ETF
4
At first glance, you see bullish price movement out of the cloud, but then you notice a bearish cloud formation along with the bearish direction of Span A ( The red line).
Look for the price to pass through the cloud in a bearish manner for confirmation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.