EL short: mean reversion to monthly trendline

6 Haz 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 Haz 2018

Not

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

7 Haz 2018

Not

No new low made / trade cancelled for now

11 Haz 2018

Not

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

20 Haz 2018

Not

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.