KBH - Short Setup

KBH here didnt quite get a fill to short at resistance but now breaking through trendlines and printing and H&S.

Indexes turning bearish.

Staggering into short positions.

Not advice.

Yorum:

Extremely frothy bounce at the open today and so my risk strategy is to not hope it backs down. I may re-enter when I see bearish candles but until the i'll G#FO of the way.

Could be a C wave perhaps to make a higher local high or double top.

Yorum:

High challenged already. This is why its important to exit quickly when you see impulsive PA against your position unless you have a very good reason not to. Also by exiting you give yourself the chance of an even better position without risking anything. Accept small losses.

Yorum:

Now it could be double top here but no way do I enter here unless there is some significant bearish PA as it could make a C wave higher high.

Yorum:

Looks like it is most likely double top C wave and so i'm slowly staggering back in.

Yorum:

Yorum:

Now forming quite a tight descending channel, its not looking floppy as it was before. I'm out.