Possible Short setting up with a hanging man candle on the 1 day chart. We are almost at the top of the channel so a open under the hanging mans real body would be a good place to open a short position with a stop loss maybe just above the hanging mans upper wick i would also wait for the 1st 30 minutes of trading to conclude before possibly trading this as to try to avoid getting faded after the open
Kommentera:
Looks like we made a Gravestone Doji today on the 1 day chart following the hanging man candle stick. Another bearish indicator. Lets see if this breaks down tomorrow to the downside
Kommentera:
Well JP Morgan upgraded this stock in premarket today and as you can see instead of retracing back down to the lower line in the channel it BROKE OUT and is trading higher . You Win some and you Lose some . Keep those stops tight