Disney Possible Retracement
Updated
Hello Traders! I'd love to hear your opinions on this.
Disney Reversal Signals:
#1. Divergence on RSI & Price Action
#2. Approaching Overbought on RSI
#3. Approaching Former Selloff area (Watch reaction)
I am interested to see whether DIS will try to fill the gap below. The gap has confluence with the .618 FIB retracement level. I will be shorting at the orange box area. This is simply my bias.
I am not a financial advisor.
Disney Reversal Signals:
#1. Divergence on RSI & Price Action
#2. Approaching Overbought on RSI
#3. Approaching Former Selloff area (Watch reaction)
I am interested to see whether DIS will try to fill the gap below. The gap has confluence with the .618 FIB retracement level. I will be shorting at the orange box area. This is simply my bias.
I am not a financial advisor.
Note
Trade hit my stop loss. I feel as though I could have done a better job analyzing my RSI. The divergence analysis was a bit forced.Trade closed: stop reached
Stop loss reached. Rookie mistake overlooked earnings.
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.