What do you see here? Personally screams short to me.
Rode it down from 25k.. back up from 19k... back down again?
Don't need to say much here.. everyone seems to think its 2021.. CVNA.. BBBY...GME... TSLA.... Let the downfall begin.
Looks to be getting pretty extended.. running into quite a few lines going into next week with a surely bearish FED meeting.
3 factors here, all lining up for a short play. 2 major trend lines and some RSI divergence.
Look at this respect!! SMH tagging long term trend line and pulling back. Also a perfect double bottom on SOXS.
Charts are just so cool... Lets get the bulls back on board so we can have the last leg down.
Such a cool measured move!!! Toss a gap fill ontop and call me daddy, shorty.