Upside trend line is broken and we have good short signal with target at 46.36 and very likely at 15.17 in longer term
There are upside trend line is broken down and price formation is possible expanding triangle under the trend line (pink line).
1. Momentum up 2. retraced at a round number --77 3. High chance to breach.
possible break above 70$ if hold long to 76$ 1st target can go to 90$ with enough patience.
Bizarre similarity between ETN and TIF. ETN had a disappointing forecast today.
As my first Published Idea I would like to suggest Shorting ETN. The declining volume and the divergence in both MACD histogram and lines, point to a trend reversal. The Elder Force index also has a bearish divergence. Finally, the daily candlestick chart is going to create an evening star with a bearish engulfing pattern. Stop above the close price of the evening...