OPEN Too Much Too Fast
Trend:
Open is definitely on a uptrend, but the problem is the speed of this uptrend.
Indicators:
SSL Hybrid's baseline is solid green which is indicating bullish momentum. A buy signal was printed a day ago or so at 2.90.
UT bot also signalled a buy at 3.30 and the price shot up to 4.20.
At the peak, the Harmonics indicator printed 2 sell patterns.
Thoughts: OPENdoor is up 78.2 percent within the last month. For every up, there is a down. The faster the upward movement, the harder the downward movement hurts. Please trade with caution at these levels.
Open is definitely on a uptrend, but the problem is the speed of this uptrend.
Indicators:
SSL Hybrid's baseline is solid green which is indicating bullish momentum. A buy signal was printed a day ago or so at 2.90.
UT bot also signalled a buy at 3.30 and the price shot up to 4.20.
At the peak, the Harmonics indicator printed 2 sell patterns.
Thoughts: OPENdoor is up 78.2 percent within the last month. For every up, there is a down. The faster the upward movement, the harder the downward movement hurts. Please trade with caution at these levels.
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