The following short trades have either exceeded their suggested stop(s) or no longer look compelling from an risk-reward perspective and will be moved to the Completed Trades category: ADBE: Has traded slightly above the suggested stop of 77.09 over the last several trading sessions, resulting in a relatively small loss of 2.8%. As the R/R [...]
NVO daily Jan 6th NVO (Novo Nordisk, A/S) offers an objective short entry on this break below the 42ish support level, which also follows the recent breakdown & successful backtest of this large bearish rising wedge pattern (which was defined by the primary uptrend line generated off of the Oct 2011 lows). A [...]
just a quick update on some of the recently posted trades ideas. i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]
the NVO short set-up just triggered. original post with chart here.
After recently breaking down and successfully re-testing a multi-year uptrend channel, confirming a new primary downtrend, NVO has now pushed back up to a key resistance area while forming a bearish rising wedge pattern (with negative divergence on the MACD and CMF confirming...not shown on this chart). Odds favor a downside resolution of this pattern [...]