$LUV #stock I opened short position . $nasdaq

I opened short position because I observed that perhaps we will have reversal at this point due to the following reasons :
candle lower low from yesterday and it is already to move out from uptrend channel and shape another one eliot wave.
At previous trading channels the fibonacci is 98% accurate and I believe the stock will decline for a little at fibo supports or support lines either which are almost the same territories and the everyone here have gains at this bad days for the nasdaq.

Kommentera:

The rsi has started to fall from 63 support
stop loss $46,53