EL short: mean reversion to monthly trendline

6 ביוני 2018

EL has broken out of monthly trendline and formed a new steeper trendline. The steeper trendline has broken downward and monthly trendline will be re-tested.

6 ביוני 2018

הערה

Trade should be taken tomorrow morning if new lows are made vs yesterday.

7 ביוני 2018

הערה

No new low made / trade cancelled for now

11 ביוני 2018

הערה

glad we didn't take that trade, new ATH today

20 ביוני 2018

הערה

6/18 daily bear div completed and weekly bear div on progress. Should have seen that 6/18 bear div it could have been a short opportunity. Now we should watch for a H&S forming with neckline around 147.6, could be a short opportunity.