AutoZone, Inc.
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AZO Short on Descending Triangle

68
Pros:
- Both FI and MACD Histogram ticking lower when price is going high.
- RSI overbought.
- Double hanging man represents weak buyer pressure around 1167.
- Profit target 2R for now since it is counter trend trade. (Will adjust profit target accordingly depending on how it turns out the next few days)

Cons:
- EMAs are still pointing upwards.
- Counter trend trading

Conclusion
- The divergance of both MACD and FI holds more weight in my opinion. May be wrong but we'll learn as we go. My first time executing a counter trend trade.
取消訂單
Order not executed yet because prices increased on 11 Nov instead of decreasing.

Will cancel the order for now and observe the next few days for another entry

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