DRYS looks worthy of consideration here.
a H&S top with a test of resistance that failed and it's starting to roll out of the bear flag.
15 min 3C shows distribution at higher prices near resistance.
In the red zone is a Trend Channel Stop that gives you a good risk:reward:probability ratio on the trade (short). Just keep it in mind, I like it even here.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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