Short
SOGO shooting star short set up
Here we have a short set up for SOGO,which has gone up a whomping 75% in the last 2 months on speculation.
Yesterday we had a high volume shooting star, a common reversal pattern, and arguably a 'blow off top'. Today we retraced along the wick of that shooting star, creating a short opportunity for brave traders. I believe win probability is below 50%, but a tight stop can make up for that. Target is 13.01, or as low as volume node at 9.45.
Cheatsheet on shooting stars: i.imgur.com/r5j0zgM.png
Yesterday we had a high volume shooting star, a common reversal pattern, and arguably a 'blow off top'. Today we retraced along the wick of that shooting star, creating a short opportunity for brave traders. I believe win probability is below 50%, but a tight stop can make up for that. Target is 13.01, or as low as volume node at 9.45.
Cheatsheet on shooting stars: i.imgur.com/r5j0zgM.png
Trade fermée: cible de profit atteinte
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.
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.