PENN NATIONAL GAMING INC
Hey, traders.
Cherry on the cake for those who love and understand how to trade false breakouts.
Let's look at the chart.
After the fall, the paper practically bought it back.
From 14.05.2020 there was an unbridled growth.
Think about it: 6 days of growth by 85%! And there's no pullback.
We have a strong short level ahead of us, formed by the upper limit of the pullback in a downtrend.
By the way, the level is confirmed several times.
It approached the level at big bars.
If you know how to trade a false break-down, go ahead.
Trade closed: target reached
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.