Another stock in trouble. Nice short entry

8 Nov 2018

Hey As you can see its testing Key Resistance. Descending triangle. Negative divergence, Negative Cash Flow...

11 Nov 2018

Trade aktif

Fail to Break resistance 2 day. Updated chart. Moved top line to maker smaller descending triangle. Abbvie is getting sued again(Friday 9th) This rally will end soon. Never been so sure about a trade this much!

13 Nov 2018

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As you can it got rejected from the bottom of the Triangle former support. It confirms this formation (Descending Triangle). Downside Target $65-$68 from here

13 Nov 2018

Catatan

On the hourly chart bulls tried to push it higher and created an ascending wedge formation and finally broke down from it. Short it guys!

14 Nov 2018

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Bulls still trying to break resistance. Failed big time. I posted a 15min chart. Bulls are trying and trying. Once it breaks down to $85 its game over....

19 Nov 2018

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I moved my stop loss to $93.50. Its really over bought on daily. Ascending triangle will break in the next few days

19 Nov 2018

Catatan

Ascending Wedge"

20 Nov 2018

Trade aktif

Failed to break resistance. I had to make some adjustments with the Chart. Turns out it was building ascending Wedge. So right now it could bounce of support tomorrow or break down. If its a big selling day like today it should break it. But bulls are trying very hard to push it higher thinking its bottomed out and making higher lows. Let see how it plays out!!

20 Nov 2018

Catatan

Bigger chart: Daily

28 Nov 2018

Trade aktif

Abbvie is consolidating after the initial drop from resistance. Now its creating a Bear Flag(Target from the Flag $77.31) Very nice short entry today!!! Over all Target From the Triangle is $66

29 Nov 2018

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Invalidated Bear Flag. Head & Shoulder. Filling the right shoulder now

1 Des 2018

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I thought Inverse Head & Shoulder Pattern failed but it made a little bigger right shoulder and It broke out of downtrend and Neckline at the same time. Feds Dovish tone made the Markets rally. Need to see follow through before closing my shorts with a loss. Still a chance it could be fake out (looks not to me now). G-20 meeting with Chinese President will decide the faith on Monday!!!!

18 Des 2018

Trade aktif

As you can see from my previous post it did make a false break out. This kind of Inverse H&S not as bullish.
Now it looks like another H&S pattern. It might bounce tomorrow to make a bigger right shoulder.