playing with a short idea
Looking for reversal confirmation within 2-3 weeks.
To confirm this negative divergence, I'm looking for:
1) another {three outside down} candlestick pattern to play out
2) followed by a break of weekly EMA30. From there I'll place my short with a tight stop. Short squeezes are usually done by that point.
Let the chart do the work, and keep your emotions in-check.
To confirm this negative divergence, I'm looking for:
1) another {three outside down} candlestick pattern to play out
2) followed by a break of weekly EMA30. From there I'll place my short with a tight stop. Short squeezes are usually done by that point.
Let the chart do the work, and keep your emotions in-check.
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