TradingView
JaDeVin
May 1, 2018 11:36 AM

Short setup for next trading day. Short

BAYER AG NA O.N.XETR

Description

If price drops below the supporting neckline (98.78 EUR), I will go short when reversal is more clear. Be aware Bayer has performing strong over the last day, so trend continuation is a possible scenario. Check price action and market sentiment on Wednesday before you got short to avoid positive slippage.

Comment

Now in the late trading hours time has come to go short. Unfortunately I have no access on data for EUWAX DAX to show you. See the next candle of the regular market.

Comment

Post-market price didn't repeat today. Still waiting for short signal (breaking the neckline) to trade short. Seems that there is no longer weakness in Bayer, which made it very easy to go short some months ago.

Trade closed manually

No short position for entry. Bayer is performing well (followed the long position).
Comments
JaDeVin
Good market start ... I didn't go short ... entry might be valid on a later time point.
More