Date First Found - November 15, 2016 Pattern/Why- breakdown of trend line and up channel, Entry Target Criteria- below $103.33 (hit November 15, 2016) Exit Target Criteria- $87.23 Stop Loss Criteria- $108.27 Indicator Notes- big drop in Twiggs Money Flow
Comment
Relevant Updates: January 30th- Declined & closed below entry price, looking good as short. January 25th- Declining slowly holding below MA50, We still like this as short. January 20th- seems rolling over testing MA50, wait & see situation. January 18th- this is still below our stop loss criteria and overhead resistance but is not looking very good as a short. January 11th- Made a lower low but closed at the top of the range. Still holding below EMA lines & showing downside potential. January 10th- Made a sharp decline & traded below opening price, money flow declined sharp. Looking good as short now. updating our stop loss criteria to $107.23 January 6th- Seems rolling over & closed below EMA lines. January 4th- Consolidating just above EMA lines & below MA20. Not looking very good. December 28th- After some upward run seems rolling over to the down side. Now wait & See. December 19th- holding below our stop loss criteria but not looking good as a short December 12th- Retested MA20, but closed below. December 6th- Strong downward move from EMA lines, looking very good as short. November 30th- Huge 3.56% decline today and closed below entry price. Looking very good as short. November 15th- hit entry zone criteria and now we wait and see
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.