CGC - Long Term Short
CGC Daily:
- Cup n handle failed, handle should not retrace
further than 50% of bottom of cup.
- double bottom with 2nd touch trending lower
makes a double bottom with less integrity.
- RSI trending lower.
- possibly will continue further to the .618 Fib, but most likely lower.
- playing the bounce back up to $31,
- looking to enter short if resistance is broken at $27.85
CGC Daily:
- Cup n handle failed, handle should not retrace
further than 50% of bottom of cup.
- double bottom with 2nd touch trending lower
makes a double bottom with less integrity.
- RSI trending lower.
- possibly will continue further to the .618 Fib, but most likely lower.
- playing the bounce back up to $31,
- looking to enter short if resistance is broken at $27.85
Commentaire:
Entered short. At 27.80 will likley to head down to POC at 27. Exiting at 27
Commentaire:
Trade CLOSED. Profit Target met at $27. Point of control support. Played out perfect.
Trade fermée: cible de profit atteinte