CIBC | 40% Short Trade Setup
Confirmation: 99.65 (weekly candle)
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Target: 56.46
TF: Weekly
Leverage: 2x
Pattern: 1) monthly rising wedge reversal with 2) break of weekly support, and 3) break of major support line.
Monthly view:
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Target: 56.46
TF: Weekly
Leverage: 2x
Pattern: 1) monthly rising wedge reversal with 2) break of weekly support, and 3) break of major support line.
Monthly view:
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