head and shoulder top reversal on SMCI
Updated
perfect techincal figure, with high volume on SX and lower on head , drastic low volume on right shoulder, a solid neckline, Open interest shows that the funds are shorting SMCI, perfect timing to join the train a price target of 500$ is nice.
Note
100% success from the operation, the actually gain is 22% but my take profit is in 530 area, good volume, with a gap on the neckline, i think it wont be a return on the neckline so the short is a success!Trade active
proceed to backtest.Trade active
i think that now we can short harder!Trade closed: target reached
profit locked in 19 april with huge gain in short option 800%.
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