$PROM short signal.. after rejection from 2.50- 2.53
right now is at 2.42, volume is declining. The rally is thinning. .
Support lies between 2.29 and 2.21.
Resistance is 2.52.
Guys this means a sweep above 2.50 followed by a close below 2.42 will trigger the reversal.
Target on reversal is 2.29 and 2.14.
right now Long entries are late.
Trail stops if in profit.
Reversal short waits for the sweep and close below 2.42 with a stop above 2.55.
$ORCA
#PROM
right now is at 2.42, volume is declining. The rally is thinning. .
Support lies between 2.29 and 2.21.
Resistance is 2.52.
Guys this means a sweep above 2.50 followed by a close below 2.42 will trigger the reversal.
Target on reversal is 2.29 and 2.14.
right now Long entries are late.
Trail stops if in profit.
Reversal short waits for the sweep and close below 2.42 with a stop above 2.55.
$ORCA
#PROM