Sell your CMG, risk against higher high on weekly

Jun 27, 2018

CMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a perfect trade.

Jun 27, 2018

Trade active

@ 457.24
One thing to note stop should not be strict I would monitor and consider stop early on higher high, good rumor, or after stop is hit wait for pull back to close short.

Jun 29, 2018

Note

first day went well, tempting to close early but no. Also noticed a critical typo I made in my post calling this a bull div instead of a bear div. Wow thats embarassing :) but I did say sell..

Jul 27, 2018

Note

3 part bear div on daily not yet invalidated (RSI still lower than previous).
Could we get a 4 part bear div? It's possible and my hope as my trade moves into the red. Also set up for bear div on weekly timeframe:

Oct 10, 2018

Trade closed manually

closed losing trade