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christopherbrecher

Try to have 3 reasons before initiating a trade.

Short
Twitter Inc (NYSE:TWTR)  
christopherbrecher  
NYSE:TWTR   Twitter Inc
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TSLA's failed breakout and major overhead resistance were signs to short TWTR . But I had to wait for a 3RD reason. The ATR sell stop tipped the scales. Also, 90 percent bullish sentiment on StockTwits didn't hurt the bear case either.

Related Ideas

christopherbrecher
Failed breakout in TSLA signaled market caution.

Comments

A-shot
Interesting. Where do you get the ATR trend line from?
Reply
aerdwin A-shot
yes, where do you get the ATR?
Reply
Barker
Excellent advice.
Reply
mohnagi Barker
i don't think it is an excellent advice :)
he should mention entry point after closing above the resistance.
Reply
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