DDS Short Setup Double Top failure

٢١ فبراير ٢٠٢٣

A simple risk-reward short setup in DDS. Despite very strong retail sales data, the trajectory is unsustainable.
With higher rates on the way, the market is spanking retailers as more money will go to service credit card debt
rather than consumption.

I have had DDS on my short radar for a while now beside the euphoric one more push higher nothing has changed
for me fundamentally. I still see it going lower.

Wait for the trigger

٧ مارس ٢٠٢٣

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Bearish flag forming that will likely trigger the trade.

٨ مارس ٢٠٢٣

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DDS short is about to trigger breaking down from bear flag

١٣ مارس ٢٠٢٣

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Short has now triggered as expected.

١٥ مارس ٢٠٢٣

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Excellent move lower as expected

١٧ مارس ٢٠٢٣

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DDS new lows

٢٤ مارس ٢٠٢٣

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KABOOM! As expected. New lows.

٢٧ مارس ٢٠٢٣

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DDS Breaks $300 as expected.

Another great call!

١٢ أبريل ٢٠٢٣

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Bear flag in the making

١٥ أبريل ٢٠٢٣

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Retail sales came in weak as DDS has been signaling for a while now.

١ مايو ٢٠٢٣

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Getting ready for the next leg down

١١ مايو ٢٠٢٣

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New lows!

١٧ مايو ٢٠٢٣

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Retail sales growth came in weak again. But we knew that from DDS so,...

١١ سبتمبر ٢٠٢٣

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had to wait for it to fully form before posting. Another bearish structure another CRACK! As expected.

٩ نوفمبر ٢٠٢٣

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New lows