SLF - Rising wedge breakdown Short, from current label to $36

3 февр. 2017 г.

SLF seems breaking down from a rising wedge formation. Good moneyflow divergence. We think it will decline from current label & it can easily decline to $36 area.

* Trade Criteria *
Date first found- February 2, 2017
Pattern/Why- Rising wedge breakdown
Entry Target Criteria- from current label or retest to resistance around $39.
Exit Target Criteria- $36
Stop Loss Criteria- $40.13

(Note: Trade update is delayed here.)

13 февр. 2017 г.

Сделка активна

Relevant Updates:
February 10th- Went up a little, but holding below Resistance label. Wait & see situation.
February 9th- Went upward & hit retest Resistance entry at $39, now wait & see.