dRends35

KBH - ABC Short

Satış
dRends35 Güncellendi   
NYSE:KBH   KB Home
Indexes turning bearish at least in the short term so its time to find a suitable short.

And so KBH here appears to be completing an ABC retracement that if correct will see it go much lower.

Plenty to go on:

  • Its hit the 1:1 .

  • Its printed a probable exhaustion gap.

  • Its formed a fast wicked top SRP through the 1:1.

  • Its filled a gap from 9 June.

I've bought a Jan 2023 ATM put near 0.618 retracement


Not advice.
Yorum:
There were a couple more greed testing Wyckoff UT Upthrusts, but now the trend has broken to the downside in tandem with index retracement.

Going very well 😸.

Yorum:
This drifted a while but now indexes are falling, KBH is plummeting!

1:1 is $16 and it will probably overshoot perhaps to the 1.272 at $13 so targets to cover will be in that area I think.

Yorum:
This one is working out very well 😸.

I'm taking a break from TradingView but you can find me every day in my Telegram Trading Group 🧐

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Contact: t.me/dRends35
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