Short book: FB - Uptrend failure gives us a bearish target now

Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').

We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.

Good luck,

Ivan Labrie.

Comment:

Uptrend failure confirmed, we're headed down.

Trade closed manually:

Covered at the open for small profit.