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whoisjonray

COMP Inverted Cup & Handle - my first short?

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COMP (BINANCE:COMPUSD)  
whoisjonray Uppdaterad   
BINANCE:COMPUSD   COMP
Cup And Handle Inverted Cup and Handle inverted short
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cupandhandle invertedcupandhandle inverted short
New to trading and still learning to properly chart, but spotted this inverted cup & handle that looks like it may play out soon for COMP.

Thinking of shorting the break down at $146, then measured move down to $110-120.

Am I think about this correctly?

Thanks. :)
Kommentera:
Is this also an inverse head and shoulders pointing down as well?

snapshot
Kommentera:
We broke the 146 support and will have to see if we recover that ground. I'm seeing two inverted head and shoulders, now. The most recent with a measured move to the S3 support at 135, and a larger macro inverted head and shoulders with a measured move down to $75

snapshot
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