DE is one of the few stocks trending down without a major top in place or a "V" shaped reversal. The red square represents a volatility move outside the channel. The candle stick pattern of the last 3 days is that of a confirmed reversal.
Here's the 15 min chart with a negative divergence on the volatility move/breakout of the chanel
Personally I'd like to short this on some strength around the green square. My stop for this trade would be $92.49 making this a fairly low risk/high probability trade.
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