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norok
Apr 8, 2021 5:17 PM

DRE triple top plus double top Short

Description

Have not seen a trade I liked in too many weeks but this morning NYSE:DRE setup a 30m timeframe triple top at 43.07. This also matches closely with the stock's ATH back in November. It is worth a swing trade short shares setup. Unfortunately options liquidity is scarce.
Comments
OnRoad
Fortunately, we do have stock CFDs. @norok, how do you identify such setups? Is it a stock you have been constantly watching, or do you use some sort of scanners/scripts? Thanks in advance.
norok
@OnRoad, I actually don't know where to trade CFDs as an American since we have options.

I scan for high volatility in the opening 30 minutes of the day to create this "spike" in price that breaks support or resistance but then closes back within the range.
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