The Channel Break and the Deep Bearish Crab

22 Dis 2017

Notes on the chart.

Do hit the like button.
Trade safe, stay healthy.

Regards
Bravetotrade :)

22 Dis 2017

Nota

An aggressive entry could be a closing candle above 861 on this time frame. For details on entry setups see the following link.

22 Dis 2017

Nota

26 Dis 2017

Nota

Technically this pattern is negated.
But if we still give it some room and look current move as double bottom, then above entry would be valid.
However, Below the today's low 852.95 , I ll look for another buying opportunity near channel support.

28 Dis 2017

Nota

Channel broken..pattern invalid.

3 Jan 2018

Nota

The Gap Disaster :)
Hahaha..The stock gave a nice reversal candle yesterday from the potential double bottom. I wanted to buy above 850 but gap provided no opportunity and it reversed from a previous peak resistance.

Simplest way to trade such moves is to ignore them and wait. Looking at the above chart, the area near 830-840 will be under lens for a long position (but I would not short this stock), which may be updated in a new post.