11021992

YELP is almost ready to short [Just an idea]

Short
11021992 Updated   
NYSE:YELP   Yelp Inc.
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.
Trade active
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.