It reads like Amazon!

I think we are headed for a red week or 2 in the US markets. Oracle broke both Kijun and Tenkan in the past two weeks on the Weekly. I would expect a 3rd red candle here. On the Monthly it broke the Tenkan giving an alert for bullish momentum lost,this is reminiscent of Amazon on the monthly as well. The 1st price target is the monthly Kijun which is weekly SSB. The 2nd target is a monthly flat Tenkan area below the Kijun.


Entry: 2 small position @54.17
SL: 56.46
TP1: 51.39
TP2:47.97

NB: If you dont manage your risk it will manage you!!