649bruno
Short

STWD Update: Bearish Three Drives Pattern

NYSE:STWD   STARWOOD PPTY TR INC
17 0 5
STWD-has completed a bearish three drives pattern. (Three red arrows).
This setup could forecast possible change in trend from up to down.
Negatives:
Bearish three drives pattern.
Four hour charts are already very negative.
The DMI-has become negative (top indicator).
Phase energy (top lower) has a downward trend.
Chop Zone (under chart) has gone from positive to neutral (green to white).
Conclusions:
This might be a perception that the Fed will raise in December, and real estate stocks might take a hit.
If you are long, my suggestion is to fade any rallies.
I hope that all of your trades go well. Don.
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