One of my many shorts right now is Micron Technology. It has a squeaky clean price gap at 45.91 so my stop-loss order is just above that level.
Taking a big step backward, you can plain see the two major topping patterns tinted that preceded prolonged price drops. My view is that we’ve just finished a third one.
For an even cleaner picture, poof, the price bars are gone and instead we look at the three exponential moving averages. Seem like prices are rolling over? Yeah, me too.
