We can see the early start of what looks like a rejection forming today in MAR. With strong performance leading up to a key order block (OB) level. We see a candle with a long, upward tail, indicating that some selling has occurred. Investorplace has been recommending selling stocks like MAR at or near the 52 week highs. As time goes on, other stocks may show similar rejection patterns. Should prices continue to reject these levels, it could reveal part of a picture for slowdown in the overall markets.
Short selling can be risky. It is widely-recommended to have a plan for managing risks (stops, targets, trade management) prior to entering a trade. This pattern alert is for education or entertainment purposes only. It does not constitute financial advice.
Short selling can be risky. It is widely-recommended to have a plan for managing risks (stops, targets, trade management) prior to entering a trade. This pattern alert is for education or entertainment purposes only. It does not constitute financial advice.