Commencez
RizeSenpai

Royal Bank of Canada: Bearish Diamond Anticipation

Short
Royal Bank Of Canada (NYSE:RY)  
RizeSenpai  
NYSE:RY   Royal Bank Of Canada
Trend Analysis Chart Patterns Wave Analysis banks reits insurance diamond diamondtop canada candiandollar canadianbanks
4
0
trendanalysis chartpattern waveanalysis banks reits insurance diamond diamondtop canada candiandollar canadianbanks
Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the other direction, but I'm primarily positioned bearishly in puts.

Idées en relation

RizeSenpai
Bank of America is Shaping Up to Be Just Like PacWest
RizeSenpai
Wells Fargo: Diamond Top Bearish Breakdown
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.