ARMH- If Looking To Short It? Wait, And Here Is Why.
3-29 Here's the drill. Nice clearly defined uptrend
channel that? Put in a Double Top and broke its
uptrend to the downside. Now for shorting? Let it
stage a snapback rally up to new resistance at
either the red line around $52.00 or a Fib retracement
zone (notice where the 61.8% zone is? Its at those levels one wants to see? Stalling, THEN
one can think about short selling it for a trade and not until.
If you are one who shorts stocks THAT is the "What to Watch For" from here.
@AmazingPatterns
Strictly for educational and informational purposes only. Trade at YOUR own risk
This is NOT a recommendation.
channel that? Put in a Double Top and broke its
uptrend to the downside. Now for shorting? Let it
stage a snapback rally up to new resistance at
either the red line around $52.00 or a Fib retracement
zone (notice where the 61.8% zone is? Its at those levels one wants to see? Stalling, THEN
one can think about short selling it for a trade and not until.
If you are one who shorts stocks THAT is the "What to Watch For" from here.
@AmazingPatterns
Strictly for educational and informational purposes only. Trade at YOUR own risk
This is NOT a recommendation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.