Short
ABC looking good for a short
After filling the gap created by the drop in March, an Evening Star Reversal has formed on the daily indicating a possible bearish reversal. Price also failed to close above 50% Fibs. A Shooting Star has also formed on the 3Day tf and a Doji on the monthly. The OBV is also looking very weak on the monthly as well. With all signs leading to the bears, this is my trade plan:
Entry: $2.69
Stop: $2.77
Target Price #1: $2.58
Target Price #2: $2.40
Entry: $2.69
Stop: $2.77
Target Price #1: $2.58
Target Price #2: $2.40
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.