CCI - Forming a rising wedge, short at the break of $87 to $80
Updated
CCI is building a rising wedge formation. If this breaks down below the 50 day moving average at $87, it could be an easy drop down to $80
* Trade Criteria *
Date First Found- January 13, 2017, new trade criteria- February 19, 2017
Pattern/Why- Rising wedge formation
Entry Target Criteria- Break of $87.0
Exit Target Criteria- $80
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- January 13, 2017, new trade criteria- February 19, 2017
Pattern/Why- Rising wedge formation
Entry Target Criteria- Break of $87.0
Exit Target Criteria- $80
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Comment
February 21st- Trading within the wedge formation still. Keeping on watch list for now. February 23rd- Seems broken to the upside, but closed below MA200. Keeping in watch for few more days.
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