IEX LOOKING TO BREAKDOWN PATTERN ALERT***
Updated
SUMMARY:-
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen
IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
👇👇👇👇👇👇👇👇👇
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen
IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
👇👇👇👇👇👇👇👇👇
Note
Trade closed: stop reached
TRADERSMOJO TELEGRAM CHANNEL
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
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.