kilo1romeo

Pros selling the three peaks

Short
NYSE:AXP   American Express Company
Bearish outlook. So far, the target zone corresponding with the 12 month pivot looks likely. By Oct 13th, we will be in the midst of a strong down move or just ready to break down. Looks like the three pushes up this year were sold heavily. Cyclical S/R levels calc on the fly & print automatically. Many times they cync up with classic pivots. I'm not short personally but the outlook so far looks negative. The small down arrow at the bottom of the chart in February indicates an intermediate t/frame Supply overtaking Demand situation. The signal has not been revoked. This is bearish.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.