YETI on the hourly chart is showing bearishness. Price is under the moving averages and is converging downward. On the daily it has also closed red after testing the 13ema. This is a sign a pullback to the low end of the range may take place.
All information should not be taken as call to Action, this is my personal view of market situation.
Game plan for YETI based on ElliotWaves
We in correction now. Most probably WaveC. And based on Fib ratios and previous wave3 support levels, we can point several areas of possible reversal.
GamePlay1 - 41-40$ / 39.99$ ( risk 1$ )
GamePlay2 - 34-32$ /...
Hello traders, YETI HOLDINGS is in fake bearish surge attempt repressed by the buyers on the TIMEFRAME 5 Min, we see a bearish doji which seeks to turn on the next low point to start higher. Despite the large purchase volume at the start of the session, we have a great potential to break the equilibrium zone to go towards the next one, to go to the previous one...
I thought about this chart because as I am typing I am drinking from a Yeti mug. I am familiar with the brand and a lot of young people are as well. They really do have a strong presence and are smart marketers. With that being said, I have never owned or traded this, but am well aware of it and have had it on my watchlist.
The chart I have here shows YETI since...
YETI Has a strong trendline going up. We can see a few times in the past it bounced off the trendline when it also met the 20 EMA.
Will it happen again?
The company had good earning reports recently as well.
Worth the try with low risk. Go LONG.
Best of luck to all!
![YETI: YETI Wave4 [SwingTrade]](https://s3.tradingview.com/z/zPjGZpju_mid.png "YETI Wave4 [SwingTrade]")
