descendingdragon

TraderMD TraderMD BIDU, D, Short ,
BIDU: Descending Dragon
58 0 1
BIDU, D Short
Descending Dragon

HVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken ...

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