X - Upward channel break down short to $26.13

X seems broken down from an upward channel. Money flow dropping really sharply deep into the negative side. We think it has good change to decline down to 26 level.

To play this we would consider $32 October puts which last traded for $2.36
Beyond Technical AnalysisHarmonic Patternsnuited_steelshortTrend Analysis

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