Short Play on 9 in 9 for CSL

13 нояб. 2018 г.

CSL came across our 9 in 9 scanners past 2 days (Daily 9 inside Weekly 9) and seems like interesting short opportunity.

Spitballing here...but for advanced TDreasons that I don't wish to dig into here price should target the pink line on the weekly chart shown (low of candle 6 aka Swing Low). Priced bounced from there directly into a perfected Sell Setup 9 on daily.
So our Weekly is is bearish (not the type of Buy Setup 9 that you're looking to buy) and should target pink line, our Monthly is bearish (bullish count broke 1.5 months ago), and our Daily 9 just provided us a perfected sell set up into some resistance.
Short recommended with pink line as first target (will target more if daily count is fresh...will for sure close if a buy set Up 9 comes before the 6 low aka Swing Low).

Daily Chart with same pink target:

13 нояб. 2018 г.

Заметка

Stop loss would be a Green Number candle slosing above the red line on this chart below:

14 нояб. 2018 г.

Заметка

Notice how close of day sucked back under SL line?

16 нояб. 2018 г.

Заметка

took short right against red line...STOPPED out on green candle closing above it.

16 нояб. 2018 г.

Сделка закрыта: достигнута стоп-лосс цена