UnknownTraderH

Airbus is going to drop again

שורט
EURONEXT:AIR   AIRBUS SE
As you look at the Aroon indicator, you can see that its indicating indicision. The price has also been consolidating in the channel(although it had a fake out recently). But what makes sense is that the price is forming a head and shoulder pattern and indicating a break out of the consolidation channel(might happen as a fake-out too). Moreover, the A/D is also showing more and more distribution, although the price has been trending upward recently. All in all, everything is pointing to more drops.
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