I also mentioned BEAV as a potential short trade yesterday , you may remember this one was in a triangle just below support, a triangle that most traders would expect to break to the downside, but we have some information that it will more likely put in a false breakout on a volatility move, making it a candidate to short in to price strength and a false breakout move. Well BEAV looks like it wants to try breaking out of that triangle...
Here are two potential target zones...
Intraday on a 10 min chart, here's the triangle, remember this is the one technical traders would be expecting to be a continuation consolidation and break to the downside, which it briefly put in a downside head fake before moving higher.
Is interest rates about to start going up?
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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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