11021992
Short

YELP is almost ready to short [Just an idea]

NYSE:YELP   YELP INC
32 0 6
Hi traders,

We're currently looking at Yelp's daily chart here. There are some good reasons to short soon.
  • Previous structure formed at August 2015 and December 2015.
  • Completed AB=CD=EF pattern
  • Fibonacci extension confluence

Entry: $ 31.63
Stop: $ 33.80
Target: $ 26.60 = R:RR 2.32

Just an idea. Updates will follow.
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