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stephanelibatd
Nov 19, 2020 2:37 PM

PAY to DAVE & BUSTERS ENTERTAINMENT Daily Short

Dave & Buster's Entertainment, Inc.NASDAQ

Description

Hey traders, DAVE & BUSTERS ENTERTAINMENT is a bearish fake conguration with attempted buyers rejected and low sell volume traded. Looking at the TIMEFRAME M1 we see a marubozu in a stock market panic with an unusual level of sales volume. It go to its last low point to make its reversal there is a chance of breaking out the price. To then break the VWAP to go to the last higher before the TREND-BASED FIBONACCI EXTENSION will be broken with power (See MULTI TIMRFRAME H4 H1). AND if the buyers are really back start filling the bearish breakout gap with strong resistance on the TIMEFRAME H4.
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Comments
pmoney179
Time to short?
stephanelibatd
@pmoney179, yes short time for this day but long also if the action is mounted
Please FOLLOW ME, thank you!
pmoney179
@stephanelibatd, Will do Thank you!
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