Breaking down from Bearish pennant?

38 2 1
This is my first attempt at a 1-minute idea.

Step 1: Publish the chart to record current condition.
Step 2: Enter text within the 15 minute editing time-frame!

The market has coiled up nicely, consolidating from the big drop. It appears to be a breaking down, but keep a stop above yesterdays highs (196.07).

Good luck!
In review, this was a great entry call! However, it never reached target price. When price reversed this trade was stopped out.

Next time I would keep the same target, but move the stop-loss down along the green resistance line. When that line broke, it was the best exit strategy.
That resistance line has been tested many times, and it is still valid. It can't hold forever, but I will stay bearish until it is broken.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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