DOMINOS - Short position - reversal at key resistance level
Updated
DMP - DMP has made a large upward move
- Has hit and double topped on a key level of 37.15
- Last 5th leg on the elliot wave on the 1hr chart
- Expecting price reversion to hit 0.5fib, and extend down all the way towards retesting trend line.
Note
- Price has made a 3rd touch on key resistance level. It did not break out.
- Has broken down a upward trend line on the 5min.
- Lets hope for price continuation to the downside 🤞
Trade closed: target reached
Price has hit support as predicted. Good trade.
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