Recent news of licencing out ONSOLIS painkiller, general overselling on the daily chart (RSI of 20.3). Would like to see price move towards 2.19 as a potential entry and a target of ~$3.03 over the course of 12-14 days as seen in the previous run off support
Go short the BDSI if it trades at 2.83 or lower. If triggered, place your stop at 3.13 and exit the position for a profit at 2.55 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
Descending triangle pattern with a ND (No Demand) VSA bar, an upbar and up close on low volume.
Initial entry at low of signal bar and initial stop at high of signal bar. Pattern remains valid as long as there is not a close above the high of the signal bar prior to break of low. Target is equal to a measured move of first leg in triangle.
FYI: my definitions...