As a student of technical analysis, I’d like comments on this chart. I would like to short this and just let it ride for a while.
So checkit. That’s a 480 minute chart, 8 hours. I’ve been long on the last bar on the chart and I’m closing that now. Thinking I’m going to go short now and plan on being in this trade for several days or more. Stochastics are rolling over and no longer overbought. MACD seems to be telling me the momentum has dried up for now for any bullishness. And I can smell popcorn wafting from the kitchen. All these indicators telling me it’s time short it and go find something to watch on Netflix.
What do you think?