DDS Short Setup Double Top failure

A simple risk-reward short setup in DDS. Despite very strong retail sales data, the trajectory is unsustainable.
With higher rates on the way, the market is spanking retailers as more money will go to service credit card debt
rather than consumption.

I have had DDS on my short radar for a while now beside the euphoric one more push higher nothing has changed
for me fundamentally. I still see it going lower.

Wait for the trigger

코멘트:

Bearish flag forming that will likely trigger the trade.

코멘트:

DDS short is about to trigger breaking down from bear flag

코멘트:

Short has now triggered as expected.

코멘트:

Excellent move lower as expected

코멘트:

DDS new lows

코멘트:

KABOOM! As expected. New lows.

코멘트:

DDS Breaks $300 as expected.

Another great call!

코멘트:

Bear flag in the making

코멘트:

Retail sales came in weak as DDS has been signaling for a while now.

코멘트:

Getting ready for the next leg down

코멘트:

New lows!

코멘트:

Retail sales growth came in weak again. But we knew that from DDS so,...

코멘트:

had to wait for it to fully form before posting. Another bearish structure another CRACK! As expected.

코멘트:

New lows