CSE Follow Up

Yesterday  updated the CSE short idea

It looks like we are getting close to a nice entry.

 CSE top

 The recent bounce, I would have liked to see a target around $6.40-$6.50, maybe we still will, but the charts are falling apart.

 The 15 min chart is now in a leading negative divergence.

 As is the 10 min 3C chart.

 The 5 min chart looks especially bad.

 The 1 min chart shows a slight possibility of an intraday move up, but it's not that strong.

The 3-day Trend Channel has held major trends and I'd consider it as a stop in my risk management planning, somewhere around $6.60 if you are looking at CSE as a trending trade.