IEX LOOKING TO BREAKDOWN PATTERN ALERT***
Aggiornato
SUMMARY:-
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen
IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
👇👇👇👇👇👇👇👇👇
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen
IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
👇👇👇👇👇👇👇👇👇
Nota
Trade chiuso: stop raggiunto
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*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
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