WOW, this idea just keeps forming more evidence of a short.
After a break of the pennant, price has formed a double top and kissed the 200EMA on the 1 hour. The HeatMap has fired a couple "Bear" signals and we should be seeing more downside today.
In trading, if all you did was trade ideas like this consistently (risk managed) ...you would be a very profitable trader, even as these patterns (all patterns) fail.
Manage risk and enjoy your Sunday.
After a break of the pennant, price has formed a double top and kissed the 200EMA on the 1 hour. The HeatMap has fired a couple "Bear" signals and we should be seeing more downside today.
In trading, if all you did was trade ideas like this consistently (risk managed) ...you would be a very profitable trader, even as these patterns (all patterns) fail.
Manage risk and enjoy your Sunday.
Comment:
Rock on..
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.