EQR breaking down below trendline from probable 3 wave continuation pattern here and printed a H&S where right shoulder is probably a wave 2.
Previous collapse was a solid 23% collapse and if correct this should another collapse similar in ratio down to around $60.
Could re-test resistance low or perhaps the diagonal trendline.
Stop above right shoulder.
Not advice.
Previous collapse was a solid 23% collapse and if correct this should another collapse similar in ratio down to around $60.
Could re-test resistance low or perhaps the diagonal trendline.
Stop above right shoulder.
Not advice.
Comment:
Looks like a bounce is coming and a great opportunity potentially to have much tighter stop area from either trendline.
Comment:
I have covered for small profit. Will look again depending on index gap fill.
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