BA - Correction To Dump Again
So many people have hope for this name but all it does is correct and dump.
Top hit log 0.786 from the thrust dump candle and now the LTF bounce is about to strike resistance where my limit short order is.
Should be heading down along with an index correction shortly.
Not advice.
Top hit log 0.786 from the thrust dump candle and now the LTF bounce is about to strike resistance where my limit short order is.
Should be heading down along with an index correction shortly.
Not advice.
Trade active
Triggered - i'm short. May as well select "trade active" - there we go 😸
Note
Forgot to mention there is an earnings gap before the top that should get filled. Good chance a topping candle prints on the weekly chart.Note
I'm up 0.5% in 6 mins at the close ! 😄 - thankfully I front ran the spread. Note
This is an extremely bearish weekly candle also with the gap.I'll probably add to my position next week.
Should be an easy ride down.
Note
BA may be breaking out here. I think it may tag the 200DMA and if it does i'll enter another short positon.Note
Note
BA has been drifting up and sideways in an ultra corrective motion and yesterday had a big dump with indexes dropping off. Of course it can bounce, but considering how corrective to the upside BA has been, this is most likely an initial collapsing structure and is the largest momentum candle since 12 July.
The beginning of the end and trend returning to the downside.
Note
This looks like textbook 1/phi (0.618) + overshoot retracement.Added to my short.
Should be heading down with a thump soon enough.
Note
BA rolling over like a limp corpse through 50MA. This is going to drop like a rock i think.
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But offering 20% discount to join my group 👍🏻
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