Zoom now has a better risk rewards for a short
Why this chart is bearish:
Moving averages - short term and medium term down.
TD sequentials - Red count on higher time frames ongoing
Chart analysis - Descending triangle : 65/35 % chance of down/up respectively
Why this is a better short call than last time -
Last time the RISK was the swing high at 480 - 20+ % which makes a very high risk relative to rewards
Now the risk is $420 - less than 10% Now we have a more favourable short.
Moving averages - short term and medium term down.
TD sequentials - Red count on higher time frames ongoing
Chart analysis - Descending triangle : 65/35 % chance of down/up respectively
Why this is a better short call than last time -
Last time the RISK was the swing high at 480 - 20+ % which makes a very high risk relative to rewards
Now the risk is $420 - less than 10% Now we have a more favourable short.
Comment:
The Zoom Doom begins