Potential Short on BBVA

By jason_rpprt
Updated
snapshot

BBVA is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $7 also could be a bigger move as in a channel on larger timeframe so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
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BBVAChart PatternsnyseshorttradeTrend AnalysisWedge
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