TradingView
MichaelEugen1
Jun 30, 2022 3:50 PM

Future short setup Short

Advanced Drainage Systems, Inc.NYSE

Description

Hey guys,

I think it's fair to say that WMS is fresh off of distribution, with a year of buyers overhead and a Wyckoff look with the false breakout. As history proves with this stock, it could inch higher over the subsequent few weeks, but based on market conditions, I think shorting countertrend rallies is the way to go in these markets. I would look to short WMS when it possibly gets into the 100's. Best of luck.
Comments
MichaelEugen1
Lmao nevermind, this thing is simply too strong. Unpredictable from here.
MichaelEugen1
It is in the 100's, but using market context, this thing could fill the gap above. I think the market is up through next week, and am not going to short anything until I believe the market is peaking. This will most likely be an incredible short if timed correctly.
More