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CVNA - Carvana at upper extreme. I'm shorting again!

I stand by my posts about CVNA.
It's fishiy and it stinks!

Chart wise, price is at the upper extreme again.
A nice short is setting up, and this time for a much larger move...I think, feel, expect.

"...but, isn't there more to say? You MUST explain WHY and WHEN...", I have people saying.
No, it's not a joke.

I leave it with that §8-)

註釋

And here's the full chart for your context, where you can see the A-Point of the Medianline too:

註釋

The Fish stinks more and more §8-)
Ready to flush in step with the Indexes.

註釋

Here's what I think about the current price:
- if it can hold above the U-MLH, it will rocket to the upside. First target is the 1/4 line, second the Warning Line (fat dashed).
- if it is opening inside the fork again, we have a over 90% chance to trade back to the Center-Line.

Keep in mind that the first chart is a weekly chart.
Don't rush, just let the market tell you what it's going on.

And yes, CVNA is stilla super fishy company to me on because of the stinky fishy fundamentals.

註釋

One better keep emotions and "predictions" separated from Technical Analysis.
Only trade what you see, not what you believe could happen.

And that's what I do, I trade the signals based on the framework of the Medianlines, not what I "think" about a Company or how I feel about it, or what fundamentals are saying.

If one is able to handle trading this way, he will improve fast and furioous. §8-)

註釋

Everything is fine §8-)
...hmmm...