Boeing Boeing 187; Can Stimulus Save This Chart?
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Looking to open a short on Boeing (BA). The COVID-19 stimulus should be helping the company, but the chart looks like it has more downside potential.
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STRATEGY USED:_Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
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1. Range MA is showing a downtrend (Red bar color) for BA on the 4 hour chart.
2. Price has broken below the bottom trend line (White Line).
3. We are waiting for a Bear signal from Bull/Bear Power to confirm a short entry, ideally this will be produced by a retest or a false breakout of the trend line we broke down from.
5. If we do get a breakout to the upside will be looking to see how price reacts at R1 - R2 resistance.
6. If we go lower we will look for reactions at S1 and S2 support.
Like and Follow to help us grow family! 🎉
---
Looking to open a short on Boeing (BA). The COVID-19 stimulus should be helping the company, but the chart looks like it has more downside potential.
---
STRATEGY USED:_Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
---
1. Range MA is showing a downtrend (Red bar color) for BA on the 4 hour chart.
2. Price has broken below the bottom trend line (White Line).
3. We are waiting for a Bear signal from Bull/Bear Power to confirm a short entry, ideally this will be produced by a retest or a false breakout of the trend line we broke down from.
5. If we do get a breakout to the upside will be looking to see how price reacts at R1 - R2 resistance.
6. If we go lower we will look for reactions at S1 and S2 support.
