The sma50 acting as dynamic resistance in this downtrend, looks like a good spot to start a short with 2 atr (14) as stop on close.
Note
Tested and rejected at the sma50 yesterday.Note
Tested the sma50 and failing, open gap down today to $42.40, still short from $43.80Note
Another gap down to $41.82Note
Emerging markets ugly.Another gap down to $40.60
Trade closed manually
$41.90 out
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.