SPDR Gold TrustShort
GLD- H&S breakdown short from current label to $110, October Put
GLD formed a H&S formation, and now broken down the neck line with strong volume. Moneyflow was diverging & broken down the negative side. We think it has good downside potential. To play this we would consider October $119 Puts @ $4.25 or $112 Puts which are $1.15
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- H&S breakdown short
Entry Target Criteria- Break of current label ($115.83)
Exit Target Criteria- $110-111
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- H&S breakdown short
Entry Target Criteria- Break of current label ($115.83)
Exit Target Criteria- $110-111
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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