TomProTrader

#YHOO(Yahoo): Major Action Level, Breakout Trade!

NASDAQ:YHOO   YHOO
36 0 6
Traders,

Yahoo             is at a significant action level. Yahoo             is about to break sideways support, and the rounded top range simultaneously, giving a great action level to consider short positions. The rounded top formed at the long term Fibonacci extension expiry level, giving a lot of reason to short Yahoo             . I hope you have a tested trading strategy to trade this move when it starts.
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