measuring rule implies $3.66 or 38.56% decrease from neckline; price target 9.46. broadening pullback presents excellent entry as broadening formations are usually bearish
Note
Good place for short entry due to shooting star at top of trend line on w/ stop at 13.5; be cautious as MACD crossed into positive territory on daily is now finding resistance against down trendline since June. if it breaks over a better short position could be initiated around 200 DMA at 14.15
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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.