Art_of_Trading
Short

T-Mobile US - Daily Price Action Analysis | Bat Pattern

NASDAQ:TMUS   T-MOBILE US INC
The TMUS price increased significantly last few days and it reached the resistance area at 65.14. The price respected that level few times already and it is more likely that it will do it again. Moreover, the price action formed the shooting start candlestick bar, which is considered as a reversal pattern. It means, there is a shift from buying to selling. The bears are going to sell sometime soon and it is the best area to do so.

In addition, TMUS formed a bat pattern , which increases the probability of this setup and provides the entry and exit points. Plus, nice risk/reward ratio.
T1- 38.2%
T2 – 61.8%

- Follow & Comment -
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out