MCD - Short Idea
Updated
McDaniels Short Idea
Potential Early Observation of a Head & Shoulders& 4-Points (Less weight) Broadening formation, currently waiting for more data.
Short Term Rising Wedge
Longer Term Early Observation Head & Shoulders - > (4 HR Candle Close Right Shoulder Shooting Star )
Longer Term Early Observation Broadening Formation
One of the Top 10 Holdings of the DJI, also at a reversal area.
Potential Early Observation of a Head & Shoulders& 4-Points (Less weight) Broadening formation, currently waiting for more data.
Short Term Rising Wedge
Longer Term Early Observation Head & Shoulders - > (4 HR Candle Close Right Shoulder Shooting Star )
Longer Term Early Observation Broadening Formation
One of the Top 10 Holdings of the DJI, also at a reversal area.
Trade active
100% Move of the Rising Wedge Target reached, moving stops downTrade active
Hidden Bearish Divergence on Both RSI + MACD 1 HR , waiting for either a Reversal into PPI or Daily lower High on the Indicies to be set.
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