A lot of people will call me a nut, well i based this short buy on the idea that DeMark teaches that once a level one trend line is broken is expected that the drop in price will follow, etc.
Well, i shorted as explained in the text I placed on the graphic. I am going to watch carefully my stops and let's see if Fortuna smile on me.
Price flip after confirmed 9 sell set up. I did go short
RSI overbought ( ppl will start soon to take profit and sell)
REI was strong as well moved sharply to week ( under 45) will go down will keep an eye on stops and profit but I am on 4 hours and i do believe that we will see another 8 red candles.
So as you can see i shorted. GL ppl
I am invested in this and i regret saying it but i see blue times for LABS.
1. See the pattern od H&S it is early to say but if the right shoulder goes to about 6.20 and flips the price for a countdown ( Tom DeMark indicators) as well as break support we will probably see prices in the range of 3 something as i draw the blue line. i made the dumbest mistake to...
Some of us hoped for a re-bouncing, I, unfortunately, am a loser on this one apparently, anyhow I hope that is forming a head and shoulder and not going down like a stone. Based on TDSD the next support is in the range of 3.75, which is steep but can happen in the next 2 or 3 months. It also believed in certain circles that the Canadian Feds will miss the approval...
That is why I agree, look at the 4 hour chart, TD is on 8 confirmed candle, if open Monday with 9 confirmed bearish then is a clear conformation of bearish trend. ALMA is on top of the candles that is also a confirmation of a change in trend. Aroon, is indecisive, but RSI confirm it as well. I do belive we will see lower lows and a bearish period only good for...
Looks like LABS will go to test R1 tomorrow May 14, 2019. Short enter at 6.17 around and sell by the end of the day safe at $6.40. Long though if brakes R1 will go all the way to $8.00. I may be wrong but this is how I fell about this one