TomProTrader

#YHOO(Yahoo): Major Action Level, Breakout Trade!

NASDAQ:YHOO   None
6
Traders,

Yahoo is at a significant action level. Yahoo is about to break sideways support, and the rounded top range simultaneously, giving a great action level to consider short positions. The rounded top formed at the long term Fibonacci extension expiry level, giving a lot of reason to short Yahoo. I hope you have a tested trading strategy to trade this move when it starts.
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.