From the trade ideas ... love it ... this looks weak, flag under
the declining 50MA, so I took a starter earlier on the short side
and I'm looking to press more if we go bellow that 37 / 37.50 area
... if it can't get any traction in this market, then it's
most likely gonna tank when the mkt reverse ...
If we stay like this, with a long legged doji right on support,
this could bounce back towards the 38.50ish area ... this is
a strong lateral support, so it probably won't give way easily ....
PYPL
Posted by mla127 on 7th of Jun 2016 at 03:11 pm
From the trade ideas ... love it ... this looks weak, flag under the declining 50MA, so I took a starter earlier on the short side and I'm looking to press more if we go bellow that 37 / 37.50 area ... if it can't get any traction in this market, then it's most likely gonna tank when the mkt reverse ...
PYPL
Posted by mla127 on 8th of Jun 2016 at 01:50 pm
If we stay like this, with a long legged doji right on support, this could bounce back towards the 38.50ish area ... this is a strong lateral support, so it probably won't give way easily ....
PYPL
Posted by mla127 on 10th of Jun 2016 at 10:06 am
Support taken out ....
PYPL
Posted by mla127 on 13th of Jun 2016 at 10:10 am
Still trade bellow support ...
PYPL (Update)
Posted by mla127 on 8th of Jun 2016 at 10:15 am
Grinding through support area ... this could waterfall quickly bellow 37 IMHO ...