Hubert Senters here.
Let’s take a look at Zoom. So obviously it is breaking down and going lower. And we’re going to take a look at where it probably is going next so.
What I’m looking at this I’m looking at a chart that’s had one heck of a run because of the covid situation.
And then we started to tap out here. And then here’s where it really starts to get interesting. Seven days ago we had our first initial sell where you went below the cloud.
You also had back in here and then you can see when you did that when you followed up with a bounce that really never stayed below the cloud so.
One great way in my opinion to look at this is you want to have more than one day below the cloud so this is one day below the cloud. That’s two days below the cloud. That’s three days.
If you can get three or more it kind of increases the possibility of it going lower so in this case scenario there’s your three day short.
And then the next target is going to be $365.99 to the down side. And if that doesn’t hold there’s an open gap right down here at $328. And then if $328 doesn’t hold it could potentially pullback to $229.
I’ve been asked to speak at the Cyber Trading University Multi-speaker Event. I will be speaking Thursday at 2PM EST.
I’m going to walk you through how I scan the markets and I will pick you one fresh long and one fresh short and tell you where I think they’re going next.
If you’re interested in a attending the webinar then just fill out this form and click RESERVE MY SEAT.
Good luck. Hope it helps. See you on the next video.
Hubert.
