TMUS LONG idea. BUT! Against Double TOP!
Very strong set-up in the TMUS Stock Market today. Let´s analyze that!
T-Mobile went up with confidence, but then, because of the COVID-19 collapsed. What is interesting, however, TMUS recovered very quickly and is again above the channel, which was respected for a long time. Whether you like it or not, IT´S A LONG SIGN!
INSIDERS are those guys, who stopped the falling market. Why would you buy your own company if you don´t believe that its Stocks will go higher?
Price Action brings nice patterns such as trend-lines, pinbar, rejection, and double top. Why am I thinking about Long trade against the DOUBLE TOP? The answer is simple - there are more signs that confirm Long SETUP. And that is the reality of trading. You will always have something you don't like. The decision is yours.
Good trading,
Jakub
FINEIGHT
T-Mobile went up with confidence, but then, because of the COVID-19 collapsed. What is interesting, however, TMUS recovered very quickly and is again above the channel, which was respected for a long time. Whether you like it or not, IT´S A LONG SIGN!
INSIDERS are those guys, who stopped the falling market. Why would you buy your own company if you don´t believe that its Stocks will go higher?
Price Action brings nice patterns such as trend-lines, pinbar, rejection, and double top. Why am I thinking about Long trade against the DOUBLE TOP? The answer is simple - there are more signs that confirm Long SETUP. And that is the reality of trading. You will always have something you don't like. The decision is yours.
Good trading,
Jakub
FINEIGHT
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