Constellation brands is a big US winery company. Elliott waves suggest ware going into C down. Very good technicals. Weekly rejected at trend line and 200SMA. Short on the break. In the comments is a 1 hour charts with a inverse head and shoulders, looking to keep the long trade till MPO, where expect a reversal to short. This could be a lucrative trade.
Good Luck!
Comment
Comment
Divergence on RSI and impulsive break confirm the pattern.
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.