ERIE broke its recent upward trendline today, creating a short trade possibility with a small risk and high reward.
Factors leading to the decision: Major trend is down Minor uptrend looks like it was a relief rally, and price broke below it in the past 3 days 20-ma was recently lost, pulling moving average traders off the sidelines The recent high fractal pattern is also at the 20-ma and offers a perfect technical spot for a tight stop
As always, use a tight-stop and if it rips down, let it run and trail stops behind.