$ZS Textbook rejection at the daily 200sma. The huge bearish engulfing candle should be seen as profit-takers ready to scale out some. It could be a nice pop and short trade early in the week.
Written by Iceman Trading Academy
Iceman Trading Academy founded by Barry Mohan in 2016. Our goal is to educate traders both experienced and inexperienced as we trade live. We focus on risk management, trading price action, position sizing, techniques, entries and proper exit strategies. Trading should be as much mental as it is physical, here at the academy we strive to better train the mind to adapt to changing market conditions. The cost of not being trained properly is the main reason why traders don’t succeed at daytrading. Alongside with our intra day trades we also have a biweekly updated swing trade list.
- $ZS A little less conviction trade here as it still needs to reclaim the $45