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Looking to open a short on Boeing (BA). The COVID-19 stimulus should be helping the company, but the chart looks like it has more downside potential.
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STRATEGY USED:_Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
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1. Range MA is showing a downtrend (Red bar color) for BA on the 4 hour chart.
2. Price has broken below the bottom trend line (White Line).
3. We are waiting for a Bear signal from Bull/Bear Power to confirm a short entry, ideally this will be produced by a retest or a false breakout of the trend line we broke down from.
5. If we do get a breakout to the upside will be looking to see how price reacts at R1 - R2 resistance.
6. If we go lower we will look for reactions at S1 and S2 support.
Like and Follow to help us grow family! 🎉
---
Looking to open a short on Boeing (BA). The COVID-19 stimulus should be helping the company, but the chart looks like it has more downside potential.
---
STRATEGY USED:_Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
---
1. Range MA is showing a downtrend (Red bar color) for BA on the 4 hour chart.
2. Price has broken below the bottom trend line (White Line).
3. We are waiting for a Bear signal from Bull/Bear Power to confirm a short entry, ideally this will be produced by a retest or a false breakout of the trend line we broke down from.
5. If we do get a breakout to the upside will be looking to see how price reacts at R1 - R2 resistance.
6. If we go lower we will look for reactions at S1 and S2 support.
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.