CMG - Bull Trap
Based off the previous two cycles, CMG will try to test 1350 before pulling back all the way to 1200. MACD still indicates clear bearish cross over in 4hr chart. Good short or put opportunity. Stop loss 1350.
Note
Opened dps 1250/1247.50 1/8/21Note
Broke out. New post updated.
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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.