ANET- For Shorting its all about whether a bear channel shows up10-15 Now that the low risk short sell entry point has passed (along with most others) what do we want to look at on a bounce (when and IF that is)? The answer can be found in the orange lines and the red resistance line. The answer is to watch for a bear channel to build then upon completion its all about a downside break of the orange lines AT THAT TIME. What if the pattern doesn't build out? Then there is nothing to talk about. No pattern no trade. Trade at your own risk, these are not recommendations. For informational and educational purposes onlyby Amazingpowerpatternguy0
For those who like to buy support? Here is one to keep an eye onAs you can see this issue broke out of a base and went on a tear like many other recent IPO's. you can also see that its finally getting the look of pulling back. Its really just a question of how far and when and where does it stabilize. We know where major support is, its just a matter of seeing it get tagged. For informational and educational purposes only, trade at your own risk, these are not recommendations.by Amazingpowerpatternguy0