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
Komentar:
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