Cisco short trade, second chance
Updated
Previous analysis i showed a bear flag that worked out quite nicely, but it did not reach it's target though. At the moment it looks like a wedge in the making now. However, i do not really like the shape of it, but because it is at that red resistance zone, i am taking a shot at it. The RR is amazing on this one and on top of that, i will start out with a 50% pos size and increase on the way down.
Previous analysis:
Previous analysis:
Trade closed: stop reached
:( The shape of the wedge had the most weight here, waiting for another chance now.
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