AJRD: Awesome Set-up

This is a very neat chart. We have clear levels to watch and play off. If the Rounding Top confirms this is going to be a long-term Short play.

Commentaire:

This chart has been a blast to follow. It's really neat how much this set-up has changed in a few days. The Bulls are putting up a good fight and have flipped the script. It's time to watch for possible a Long position. Looking for a break of resistance, or a play off support. But it's not over yet. Until they can close over 32.25, the Short play is still in play.

Happy trading,
Charles

Commentaire:

Also worth noting: 31.20 has become solid support

Commentaire:

The Bulls aren't going down without a fight, that was a strong -looking- bounce today. BUT there wasn't much resistance at that level, also note the low volume. I'm scouting to reload my short position around 31.50 depending on how things look tomorrow. If it seems that the Bulls are going to run this over 31.50 into the close then I will hold off.

Commentaire:

It's starting to break down, here we go.