SONY -where to short
hi traders
Let's have a look at SONY on a 1D time frame.
The price has been ranging.
Well-developed bearish divergences are present.
Either it will roll down from where it's now or it will give us a push towards the key resistance (top of the range).
The speculative set-up is shown on the chart.
The strategy is to short close to the key resistance and exit shorts when the price comes back to retest the bottom of the range.
Risk-reward ratio: 5,56
Let's have a look at SONY on a 1D time frame.
The price has been ranging.
Well-developed bearish divergences are present.
Either it will roll down from where it's now or it will give us a push towards the key resistance (top of the range).
The speculative set-up is shown on the chart.
The strategy is to short close to the key resistance and exit shorts when the price comes back to retest the bottom of the range.
Risk-reward ratio: 5,56
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