ARMH- If Looking To Short It? Wait, And Here Is Why.
3-29 Here's the drill. Nice clearly defined uptrend
channel that? Put in a Double Top and broke its
uptrend to the downside. Now for shorting? Let it
stage a snapback rally up to new resistance at
either the red line around $52.00 or a Fib retracement
zone (notice where the 61.8% zone is? Its at those levels one wants to see? Stalling, THEN
one can think about short selling it for a trade and not until.
If you are one who shorts stocks THAT is the "What to Watch For" from here.
@AmazingPatterns
Strictly for educational and informational purposes only. Trade at YOUR own risk
This is NOT a recommendation.
channel that? Put in a Double Top and broke its
uptrend to the downside. Now for shorting? Let it
stage a snapback rally up to new resistance at
either the red line around $52.00 or a Fib retracement
zone (notice where the 61.8% zone is? Its at those levels one wants to see? Stalling, THEN
one can think about short selling it for a trade and not until.
If you are one who shorts stocks THAT is the "What to Watch For" from here.
@AmazingPatterns
Strictly for educational and informational purposes only. Trade at YOUR own risk
This is NOT a recommendation.
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