I'm sure everyone has heard the terrible news, and now talks of potential mechanical similarities in failures...not a good scene. I had a gander at this symbol, look at this weekly chart! Price is ready for a "mean reversion" plus a "Bearish Engulfing" pattern in addition the event news (fundamentals) and we have a serious short. I would be interested in this short but now looking at the pre-market, I am not sure where to get an entry. I would assume this gap won't close anytime soon, being able to get in right at open will net a couple dollars, in my assumption. It's trades like these that remind of us what we are doing at our consoles, reflecting on the bigger picture of our actions. 1-2% risk, 2:RR - Not so Happy Trading.
Trade closed: target reached
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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.