Weekly Log Chart Re-Testing Neckline of already broken down H&S
Picked up some 25 JAN 340 Puts today on BA as there are so many bearish indicators confirming this short. the 200/100SMA are just about to deathcross. The chart is sitting right at the top trendline in this bearish triangle as well as running into the FIB 61.8% resistance. Will update next week! have a great weekend
Got short at around $2500.00 for a nice swing into tomorrow, retesting broken down channel with a bear flag also on the hourly chart.
$NKE looks like an amazing short based on the monthly LOG chart... Has a very clear ascending wedge that looks like its just about to breakdown. Additionally, there is a TRIX/MACD bear cross as well as a bearish divergence on the RSI! Good luck!
I believe that $NOW will inverse h&s and retest the previously broken channel breaking down much further long term