$SIX Six Flags (SHORT)
Updated
I am no professional but this is my opinion and the trade I am taking based on the chart. Trade at your own risk.
On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th.
On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3.
On April 7 we reached a high of around $16, we are yet to see a higher low or perhaps even a break of the ascending bottom line.
I see potential to perhaps seeing a triple top sometime soon (SHORT HERE).. if we don't then we will reach a higher low (or a break of the ascending bottom line) and perhaps revisit
I don't think we are done seeing bearish trends and going bullish just yet..
On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th.
On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3.
On April 7 we reached a high of around $16, we are yet to see a higher low or perhaps even a break of the ascending bottom line.
I see potential to perhaps seeing a triple top sometime soon (SHORT HERE).. if we don't then we will reach a higher low (or a break of the ascending bottom line) and perhaps revisit
I don't think we are done seeing bearish trends and going bullish just yet..
Note
Breakout above $17 area, we are f'd.. stop loss $18 if we get the chance to trade this.. hoping for a breakdown before a bounce to $17.Trade active
If you have a short open rn, I would try and close it before the trading day.. unless you have a strong belief we will gap down..Markets have been crazy and I will take some profit today.
Trade closed manually
Closed my trade in profit, fuck J Powell and Bulls.. we may drop down.. we may go up.. but I rather take the profit I have now. Good Luck!
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