DDS Short Setup Double Top failure

21 Şub 2023

A simple risk-reward short setup in DDS. Despite very strong retail sales data, the trajectory is unsustainable.
With higher rates on the way, the market is spanking retailers as more money will go to service credit card debt
rather than consumption.

I have had DDS on my short radar for a while now beside the euphoric one more push higher nothing has changed
for me fundamentally. I still see it going lower.

Wait for the trigger

7 Mar 2023

Not

Bearish flag forming that will likely trigger the trade.

8 Mar 2023

Not

DDS short is about to trigger breaking down from bear flag

13 Mar 2023

Not

Short has now triggered as expected.

15 Mar 2023

Not

Excellent move lower as expected

17 Mar 2023

Not

DDS new lows

24 Mar 2023

Not

KABOOM! As expected. New lows.

27 Mar 2023

Not

DDS Breaks $300 as expected.

Another great call!

12 Nis 2023

Not

Bear flag in the making

15 Nis 2023

Not

Retail sales came in weak as DDS has been signaling for a while now.

1 May 2023

Not

Getting ready for the next leg down

11 May 2023

Not

New lows!

17 May 2023

Not

Retail sales growth came in weak again. But we knew that from DDS so,...

11 Eyl 2023

Not

had to wait for it to fully form before posting. Another bearish structure another CRACK! As expected.

9 Kas 2023

Not

New lows