Double Top, Daily Chart, Short Idea
I can't help but clearly see the large double top formation, and when this happens my gut tells me not to ignore it since they tend to have a very high rate of success playing out correctly, double tops (M) and double bottoms (W). Double Tops = downtrend upcoming and Double Bottom = uptrend upcoming
It looks as if shorting to the target of $41 would be a good idea. Getting put options. Let me know what you think.
It looks as if shorting to the target of $41 would be a good idea. Getting put options. Let me know what you think.
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