AdamHong
Short

The Downward Channel and the Breached Strong Support Pullback

NASDAQ:YY   YY INC - AMERICAN DEPOSITARY SHARES
The price of the YY             has moved along the downward channel well in week frame chart,and the upper edge of the channel has being hit now,so will the channel still work?
The strong support of 52 levels was breached and it converted into the stong resistance.Now the price is pulling back.
The Pinbar and Cross Star of week candles have appeared in this zone.
So it is a good chance for opening short positions at 52-55 levels
SL:above 60
TP1:33
TP2:25 and even more
Trade active
Comment: The market moves as expected.
snapshot
少则得,多则惑。
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out