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.
Thursday, April 19, 2012
Keep an eye on BEAV as well...
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.
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.
No comments:
Post a Comment