Short utilities for a 20% drop
Updated
2-year rising wedge broke down and retested.
The retest itself formed another rising wedge.
Stop over this retest high at 51.50. Pattern target is 40.50
10x potential return
Add to position on break of minor wedge
The retest itself formed another rising wedge.
Stop over this retest high at 51.50. Pattern target is 40.50
10x potential return
Add to position on break of minor wedge
Trade closed: stop reached
The main thing is to keep the main thing the main thing
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