With a typical sell on news on top on a market selloff IBM broke down the 122-131 OB that contains the biggest consolidation period in price
i've drawn the most probable scenario where price will assess the mentioned OB as resistance.
STRATEGIES RECCOMENDED
1. If price closes weekly above 123 it will create a SFP signaling LONG.
2. If you were SHORT you can move you SL to above 131 and keep an eye to the SFP
I am giving a neutral calification just because in case you want to play it at tomorrow open there is not trade with a decent RR.
i've drawn the most probable scenario where price will assess the mentioned OB as resistance.
STRATEGIES RECCOMENDED
1. If price closes weekly above 123 it will create a SFP signaling LONG.
2. If you were SHORT you can move you SL to above 131 and keep an eye to the SFP
I am giving a neutral calification just because in case you want to play it at tomorrow open there is not trade with a decent RR.