Just broke this pair down in my Live Trading Room. After looking at the LLLC of the triple top highs, our traders were gearing up for a potential 2618/Kiss of Death trading opportunity. As we dug a little deeper into things we noticed that if we got the retracement back into previous structure then that 2618/KOD would be bet with a bearish bat which could be used...
There is noticeable difference between a BITFINEX and a BITSTAMP 4h chart. Bitfinex: triple top is flat wave 1 does not overlap wave 4 (blending the 2 exchanges price does not overlap therefore, I consider this a valid 5 wave count) see user chessnut's 4h BITSTAMP chart linked in related ideas below Divergences on RSI and Stochastic suggests the bullish...
3 SIGNAL FOR SELL THAT IN CHART EXPLAINED. PLEAS READ TILL UNDERESTAND. THANK YOU.
#NFLX #NETFLIX Short Idea (Head & Shoulders/Triple Top) Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
$TEVA is coming strong into a resistance zone just before its earnings. Triple top and a re-test of broken uptrend line will stand in its way and may be a good reason to try and short it. Bulls? Breakout? Wait to confirm before you enter. Notice volume.