Hey everybody, welcome back to my ideas.
As you can see we are shorting BA.
Price broke out of the long term down channel and was recently rejected on retest.
Yesterday it was also rejected on the second retest by the down channel and a long term S/R level and is now looking to form a double top.
To top it off, yesterday closed with a nice doji candlestick.
My confidence level here is 4/5
Let me know what you think in the comments.
*This is not advice
As you can see we are shorting BA.
Price broke out of the long term down channel and was recently rejected on retest.
Yesterday it was also rejected on the second retest by the down channel and a long term S/R level and is now looking to form a double top.
To top it off, yesterday closed with a nice doji candlestick.
My confidence level here is 4/5
Let me know what you think in the comments.
*This is not advice