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yousufj56
Sep 11, 2018 7:47 PM

Bearish overall channel; Slight rising wedge Short

Pilgrim's Pride CorporationNASDAQ

Description

I personally wouldn't take a long trade here; I wouldnt mind a short trade here.

There have been no impulse moves to show desire to move this out of the downward channel. Pure consolidation.

I believe a fake break will occur out of the downward channel that i've drawn; it will fail and will be brought back to downward fall.

Fyi, to anyone reading my posts, i'm just trying to keep these for future reference to see how i do.
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