Seems like bearish flag in the making. Possible to enter shorts now, with SL above recent high, more conservative bears may enter on breakdown of formation. Measured move target is in lower 35s, however I will possibly sell only 1/2 half of my short position there and trail the rest. GL
Trade closed: stop reached
John Florence
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John Florence
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.