If indexes go lower then Homebuilder stocks are going to get smashed. Rising interest rates do this sector 0 favours.
Anyhow here's a tasty short setup.
BZH has had a double top bounce to first print a star candle then an evening star candle formation shakeout reversal patterns through the log 0.618 retracement from the previous high.
In addition there is a tunnel gap connected through both tops and there is another very large gap below - that means this is a very unstable bounce.
If this is a major pivot BZH has a DEEP fall ahead.
Easy when you know how... 🧐
Not advice.
Anyhow here's a tasty short setup.
BZH has had a double top bounce to first print a star candle then an evening star candle formation shakeout reversal patterns through the log 0.618 retracement from the previous high.
In addition there is a tunnel gap connected through both tops and there is another very large gap below - that means this is a very unstable bounce.
If this is a major pivot BZH has a DEEP fall ahead.
Easy when you know how... 🧐
Not advice.
Comentarios:
Down we go, that big gap is coming in a hurry now 😼
Telegram Trading Group 🧐
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Get the "heads up" at critical moments - don't lose your shirt.
$50 per month 👍🏻.
Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Get the "heads up" at critical moments - don't lose your shirt.
$50 per month 👍🏻.
Contact: t.me/dRends35
Now it has fallen below the 4H 50MA it shouldn't be too long before that big gap gets filled as indexes move down.