Short
WWE - Upward channel breakout short from $36.77 to $29.33
WWE seems breaking down from an upward channel formation along with strong Twiggs money flow divergence. It also seems a downward momentum short setup. We think it has good chance to continue downward.
To trade this we would consider $32 July puts @ 1.17
* Trade Criteria *
Date First Found- March 13, 2018
Pattern/Why- Upward channel breakout Momentum short. Inverse fallen angel formation
Entry Criteria- Break below $36.77 (Hit March 19, 2018)
Exit Criteria- 1st Target $32.26, 2nd Target $29.33
Stop Loss Criteria- $39.31
Indicator Notes- Twiggs money flow divergence
Special Note- Could consider $32 July puts @ 1.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
To trade this we would consider $32 July puts @ 1.17
* Trade Criteria *
Date First Found- March 13, 2018
Pattern/Why- Upward channel breakout Momentum short. Inverse fallen angel formation
Entry Criteria- Break below $36.77 (Hit March 19, 2018)
Exit Criteria- 1st Target $32.26, 2nd Target $29.33
Stop Loss Criteria- $39.31
Indicator Notes- Twiggs money flow divergence
Special Note- Could consider $32 July puts @ 1.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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