Steve -- Looking at Morton's YELP chart -- would you say it
broke symmetry and we might watch for a lower high maybe at the
downtrend line for a short entry?
YELP had clear negative divergence at its $75 high prior to
selling off..it's already made two subsequent lower highs for
objective short entries..not likely it can bounce that high with
the MA's serving as resistance.
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Steve -- Looking at Morton's
Posted by bkout3 on 25th of Nov 2013 at 11:34 am
Steve -- Looking at Morton's YELP chart -- would you say it broke symmetry and we might watch for a lower high maybe at the downtrend line for a short entry?
Brian: YELP had clear negative divergence
Posted by steve on 25th of Nov 2013 at 11:45 am
Brian:
YELP had clear negative divergence at its $75 high prior to selling off..it's already made two subsequent lower highs for objective short entries..not likely it can bounce that high with the MA's serving as resistance.