DNMR hit top of descending wedge and confirmed top. Short

As the title says, DNMR hit top of descending wedge the second time and confirmed the top after the fall from resistance. Looks good to short. Disclosure : Not a financial advice. Just analysing charts. I don't hold any positions in this stock yet

Trade attivo:

The price action played out exactly as predicted. Now from 13.80$, expect a rebound until 14.40$ into the 4h supply levels. It could be a good level to short until the target of 1D demand level of around 12.14$ which is also the previous high on the monthly time frame.

Disclaimer : It's just an educational idea. I have no active positions in this stock yet

Trade chiuso: obiettivo raggiunto