Now, In Position

The last update on CRWD, was here.

Comments to posts in general, may provide more clarity.

From back March, we had this:

“Now, with all of that said, for me to enter short, I’m looking for something very specific. I’m looking for a certain kind of price action behavior at, or above the resistance area noted.

An up-thrust (in this case) or a spring has a unique kind of movement when watching in real time. Sort of a ‘last gasp’ type of action.

So far, I’ve not seen that in CRWD.”

Fast-forward to now.

Price action penetrated resistance on news, link here.

The important part, is what comes next.

As of today, we’re at 53-Days from the February 23rd lows; well within margin at this time scale for a ‘Day 55’ top (not advice, not a recommendation).

Fridays are typically biased to the upside. Let’s see what happens next.

Stay Tuned

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