Short Selling Stocks – MDLZ NASDAQ

04/11/14 -The Elliott Oscillator broke through the 1.4 (140%) line in yesterdays session, reducing the trade setup indicators to 6/9.  At this time, with the markets uncertain of the direction they want to take, I am cancelling this Trade order as this potential Short trade is not high enough probability.  When Short Selling Stocks I really need  minimum of 7/9 indicators in the green and more comfortable with 8 or 9.  Chart as Below for this Trade Order Cancellation.

short selling stocks

01/11/14 – A new Wave 4 extreme High was formed during Friday’s session after a gap on open near the Fib retracement 0.618 level. The price closed the gap during the session and closed on the Fib 0.5 level with higher than average volume for the day’s session. The profit take target zone has been recalculated to 30.20 along with a new Stop Loss @36.05. Setting up trades for Short Selling Stocks is never easy and although 7/9 indicators remain in the green for this potential Short trade setup going into Monday’s session, the price action on Monday may mean I have to cancel the order unless there is a strong movement to the downside.  If the Fib 0.618 line is broken or in fact the Elliott Oscillator 1.40 level broken on Monday then I will cancel this order after the session closes on Monday. Chart as Below.

short selling stocks

30/10/14 – Short Selling Stocks – MDLZ NASDAQ is setting up well for a “with trend” Short trade, with 7/9 of my trade setup indicators in the green.  Yesterday’s bar also formed a Bearish Engulfing pattern with higher than average volume for the Bearish day.  Waiting for the 6/4 MA Low line to be crossed for a trade trigger would mean a very low Risk to reward and so I have to look for an alternative but still conservative entry strategy.  A conservative entry below the 0.382 Fib Level taken between Wave 2 and Wave 3 and also below the low of Monday’s bar would give a Stop Sell Order @ 34.20.  The Stop Loss is @ 35.60 with the initial Take profit Limit Order @ 31.00, giving a Risk to Reward profile of over 1:2.  The TJ’s Ellipse has not been taken out yet so there maybe a move higher before the market Sell’s off.  Short Selling stocks in this way, still has a high probability of success but in these uncertain market conditions a more conservative approach to an entry strategy is always needed and quite often adjustments are required.  Chat as below for this potential Short Selling Stocks trade on MDLZ NASDAQ.

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