$F just hit the daily downtrend which also happens to be the .76 fib retracement level. I took the short position on the 4 hour doji candle and my target is 14.78. Good reward risk ratio. I will be using a 30 min chart to trail my position and lock in profits.
AA has been on a downtrend for a while now and if it spikes up to 13, a clear short will be signaled if we get a reversal signal such as a candlestick patterns or head and shoulders on lower time frame. Lots of confluence and you will be going with the trend.