Here we see a really nice set up for a Short swing trade.
On the weekly chart the price is over extended and has broken the upward trend line with a declining MACD histogram. In addition, the price has come to point where AB=CD and due for reversal/correction .
On the Daily chart we see a Head and Shoulder reversal pattern with a Bearish Engulfing candle...
Looking at the weekly chart (below), we see FEYE on an up-trend and lately corrected to 50% Fibonacchi level which is also acting as a strong historical support level.
Moving down to the Daily chart, the price recently broke the downward trend line with MACD histogram increasing. Our entry trigger would be at $17.71 and Stop Loss would be placed below the latest low.
On the weekly chart (below), we see that the price corrected to 61.8% Fibonacchi and tested support. It then continued up and broke through the 200 EMA line.
Moving down to the daily chart, we see a bullish divergence of the MACD histogram, and a break-though of the downward trend-line with high volume.
Our entry trigger will be at break of resistance above...
The price broke the triangle pattern upwards on the weekly chart with rising MACD histogram. On the daily chart (shown), breakthrough of resistance with high volume is the entry trigger.
ULTA is showing strong bearish signs after a rally.
Taking a look a the weekly chart (below) we see signs that rally is coming to an end with consolidation of prices and a bearish reversal candle. Further more Volume is declining and MACD histogram is ticking down.
Weekly chart:
Moving down to the Daily chart (below) there are multiple bearish candles on...
