idea is based on overall weakness and consolidation at 60 min chart (triangle) so if weakness will continue again market action I think that TSN could see 37,50 area
$TSN has 1$ range sell zone which is based on the completion of two harmonic patterns.
Since both of the patterns complete above the trend line, confirmation will be only when the price will close below it (below 40$.
While ideally, I like this setup with a short-term short setup, as the .886 fib tends to provide strong S/R, we could potentially break out and head toward the 1.27 Fib. Half the battle is knowing where to find proper levels. Trade the Fibs.
