EA - Inverted Fallen angel formation short from $109.87 to 100 EA seems breaking down from an upward channel formation in the weekly frame.
It also seems making an inverted fallen angel formation. We think it has huge downside potential if it breaks its channel. To trade this we would consider January $100 Puts are, trading for $1.70
* Trade Criteria *
Date First Found- October 23, 2017
Pattern/Why- Inverted Fallen angel, Upward channel breakdown short
Entry Target Criteria- Break of $109.87
Exit Target Criteria- 1st Target $100.37, 2nd Target $78.33
Stop Loss Criteria- $115.87
Special Note- Would consider January $100 Puts, which are $1.70
Please check back for Trade updates. (Note: Trade update is little delayed here.)
