Short ABT @ 107.45 Breakout Fractal
ABT just closed below its last bearish fractal of 107.55, and after having wandered around the balance line june 28th.
This falls in line with an apparent rejection of the balance line on the weekly, so we have the current price below both the daily and weekly balance lines.
Weekly showed its first read bar on the weekly today, so everything about it looks like a good bearish opportunity.
However, no one know where the market is headed so as always, stop loss is a close above the daily balance line, and target, whenever the trend ends, also signaled by closing above the daily balance line.
This falls in line with an apparent rejection of the balance line on the weekly, so we have the current price below both the daily and weekly balance lines.
Weekly showed its first read bar on the weekly today, so everything about it looks like a good bearish opportunity.
However, no one know where the market is headed so as always, stop loss is a close above the daily balance line, and target, whenever the trend ends, also signaled by closing above the daily balance line.
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