ACTIVISION BLIZZARD $ATVI Short Setup
After a parabolic ~48% run up to the upside after the dump in march, we seem to have rejected at the 75$ level, which coincidentally coincides with the 0.75 Fibonacci extension level. From the different point of contacts dating back to Septermber 2018 we can safely establish that as a strong resistance and a safe area to place a short.
I expect price to either reverse or continue to the downside at the golden pocket which is why im putting my take profit at the 0.65 extension target of 69$. I'm leaving myself a comfortable stop loss placed at the top of the candle to be safe but am pretty confident we will continue to the downside if this 4H candle closes below 75$. Cheers and goodluck!
Feel free to share your thoughts :)
I expect price to either reverse or continue to the downside at the golden pocket which is why im putting my take profit at the 0.65 extension target of 69$. I'm leaving myself a comfortable stop loss placed at the top of the candle to be safe but am pretty confident we will continue to the downside if this 4H candle closes below 75$. Cheers and goodluck!
Feel free to share your thoughts :)
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.