TOWN short trade on trendline break ショート

Towne BankNASDAQ

詳細

⋅ 2020年5月12日午後7時40分

TOWN broke its recent upward trendline today, creating a short trade possibility with a small risk and high reward.

Factors leading to the decision:

Major trend is down
Minor trend was up, and today price broke and closed below it
20-ma was recently lost, pulling moving average traders off the sidelines
The recent high fractal pattern is also at the 20-ma and offers a perfect technical spot for a tight stop

As always, use a tight-stop and if it rips down, let it run and trail stops behind.

⋅ 2020年5月26日午後6時15分

This trade was stopped out for 1.3 points