I've included a weekly trade plan for RACE (Ferrari) with points to watch at the weekly close, need a close below yellow and green supports right now, this week should give a strong signal.
Once that happens we have to capture a 12% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market and index positioning.
Once that happens we have to capture a 12% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market and index positioning.