Bank of AmericaShort
BAC 06.08.19 Short
Asset and Time frame -4 Hours
Entry Price -27.83
Exit(Stop Loss) -28.49
Exit(Take Profit) -26.63
The range between SL and entry - 0.66$
Technical Analysis -4 Hours chart breaks the daily channel, Fibonacci was drawn on the 4H chart making an ABC pattern, the target is the -61.8 and the stop loss is just above the 0.382
Why not enter the trade -RSI is in oversold, I should give the price action some space for a pullback(?).
Is the Market overbought or Oversold -Oversold
What direction does the market move -Bearish
Higher Highs / Lower Lows -Lower highs and lower lows.
What can be improved -
Conclusion & End of Trade -
Entry Price -27.83
Exit(Stop Loss) -28.49
Exit(Take Profit) -26.63
The range between SL and entry - 0.66$
Technical Analysis -4 Hours chart breaks the daily channel, Fibonacci was drawn on the 4H chart making an ABC pattern, the target is the -61.8 and the stop loss is just above the 0.382
Why not enter the trade -RSI is in oversold, I should give the price action some space for a pullback(?).
Is the Market overbought or Oversold -Oversold
What direction does the market move -Bearish
Higher Highs / Lower Lows -Lower highs and lower lows.
What can be improved -
Conclusion & End of Trade -
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.