DOMINOS - Short position - reversal at key resistance level
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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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.