Looks like a 2618 trade opportunity setting up on the daily chart .
You have a double top with bearish divergence with the RSI . You have a break and close below structure, now wait for a retracement into the .618 fib level. Then depending on how you trade 2618's you can put a sell order at the .618 or wait for a sell signal within the zone of the .618 and the high of the double top candle... with stop an ATR above the highest point of 2nd candle....
You have a double top with bearish divergence with the RSI . You have a break and close below structure, now wait for a retracement into the .618 fib level. Then depending on how you trade 2618's you can put a sell order at the .618 or wait for a sell signal within the zone of the .618 and the high of the double top candle... with stop an ATR above the highest point of 2nd candle....
RonSublett
this stock is actually out of my range to trade. If I were going to trade it, I would drop down to the 4 hr and 1 hr which is my swing trade charts and look for a reason for entry in my kill zone which would be between 350.87 and 389.61
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