📉 Short Setup
🔍 Description:
Coterra Energy Inc. (NYSE: CTRA) has formed a Double Top pattern, a bearish reversal setup. The price has broken below the confirmation level, confirming downside momentum. A retest of this level could provide another short entry opportunity.
📊 Trade Details:
🔹 Entry: Below confirmation level after breakdown
🔴 Stop Loss: 29.46
🟢 Target: 20.76
📌 Confirmation:
A breakdown with strong volume adds conviction to the move. If the price reclaims the confirmation level and holds above, the bearish setup could be invalidated.
Trade wisely! 📉🚨
🔍 Description:
Coterra Energy Inc. (NYSE: CTRA) has formed a Double Top pattern, a bearish reversal setup. The price has broken below the confirmation level, confirming downside momentum. A retest of this level could provide another short entry opportunity.
📊 Trade Details:
🔹 Entry: Below confirmation level after breakdown
🔴 Stop Loss: 29.46
🟢 Target: 20.76
📌 Confirmation:
A breakdown with strong volume adds conviction to the move. If the price reclaims the confirmation level and holds above, the bearish setup could be invalidated.
Trade wisely! 📉🚨
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.
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.