You missed a few important structural elements to consider re: taking a DD short position as you recommended.
First, the 61.8% retrace of the 2011 low to the 2017high is very close at 61.70 or so. There is a boat load of resistance there and/or just above it as well. There is a recent double bottom look around 63.6, and way back in ’14, ’15 and ’16 this general level was tested and held (with the exception of a long tail monthly bar that reached down to the 76.4% level and camp right back up). So overall, I really don’t like a short here, particularly. There’s a little room to the d own side, but not lots before strong support is likely to activate. My $0.02, since you guys always say “we want to hear from you”.
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