Alirezaaa

QSR just more explanation

Short
NYSE:QSR   RESTAURANT BRANDS INTL INC
same expectation as before. just more accurate. based on this more chance to decline technically but fundamental Q1 report can change the game as well. both scenarios are visible in the chart.
1st we had a cup and holder pattern
2nd it increased on the elliot wave as expected from cup and holder
3rd both together put the pattern to the rising wedge
4th correction happened in the wedge so far. this much (4% down today) was more than 90% chance to happen from yesterday and nothing special
5th now it is more rejection than going up. but depends on the Q1 report.
sinosical pattern is also matching the high and lows

* bollinger ave band, horizontal support and fib retracement levels can act as a support in case of fall

Comments

As of late, companies are getting a "pass" on earnings due to the dreaded corona balona..not sure about shorting/good luck!
Reply
Alirezaaa lauralea
@lauralea, the question is the period of time for shorting position. like today spy was ready to short. does short mean keep it months or weeks or evens days?! not to me! short is betwen 2-minutes for sculping. always works
Reply
lauralea Alirezaaa
@Alirezaaa, OH! LOL
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