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Easyjet - opportunity to short?

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12 years 11 months ago #5262 by waverider2
Looks like a H&S forming.
There was already some shorting at the 2nd shoulder this morning. So it will be interesting to see how it finishes.

Comments welcome (dont be shy)

dl.dropbox.com/u/4385922/Easyjet_1004.png
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12 years 11 months ago #5264 by Shotry
Weekly looks great for a short and we may get the H&S. Not clear to me that the SP has topped out yet. I use ADX/DMI clusters a fair bit and for me they are not yet giving a clear signal. However, I have put it on my watch list as it looks to me like a case of fine tuning a short entry. Have you entered a position yet?
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12 years 11 months ago #5265 by waverider2
Not yet.

I was just reviewing this yesterday and thought it would take a few days to reach the neck line (1080 ish)

then today it went there and was sold off at that point.

I am slightly cautious so still watching - there could be a second chance

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12 years 11 months ago #5266 by waverider2
Might dabble in a short with a stop 2 points above 1087. Later on this afternoon I think :)

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12 years 11 months ago #5269 by waverider2
looking really bullish for a short...on low volume i believe

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12 years 11 months ago #5363 by Shotry
screencast.com/t/js5CgE5R

Well looks like the H&S pattern didn't complete here, but the chart is interesting all the same. I've put my take on it above (annotated).
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