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.)
* 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.)
Trade active:
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.
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.
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