Hello Community!
Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated!
When taking a look at BA we can see it trading in an ascending parallel channel. It has currently reached the top and is looking to aim lower to the next support which is the 55 EMA. If the 55 EMA fails we can expect it test the bottom of the channel before bouncing and moving higher. The RSI is showing over bought, and the Mac D is showing bearing signs. With the Quadruple Witching happening tomorrow it makes for a perfect storm to move lower with increased volatility but that's just my guess.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated!
When taking a look at BA we can see it trading in an ascending parallel channel. It has currently reached the top and is looking to aim lower to the next support which is the 55 EMA. If the 55 EMA fails we can expect it test the bottom of the channel before bouncing and moving higher. The RSI is showing over bought, and the Mac D is showing bearing signs. With the Quadruple Witching happening tomorrow it makes for a perfect storm to move lower with increased volatility but that's just my guess.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins