PTON - Shift In Momentum In Action ↗️

Hello TradingView Family / Fellow Traders,

📈 PTON has been overall bearish trading within the falling channel in red.

PTON is currently retesting the upper bound of the channel and a strong resistance zone highlighted in green.

🏹 For the bulls to assume control and shift the momentum from bearish to bullish, we need a daily candle close above the 7.5 resistance.

Meanwhile, PTON would be bearish and can still trade lower.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr