Date First Found - November 15, 2016 Pattern/Why- breakdown of trend line and up channel, Entry Target Criteria- below $103.33 (hit November 15, 2016) Exit Target Criteria- $87.23 Stop Loss Criteria- $108.27 Indicator Notes- big drop in Twiggs Money Flow
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Relevant Updates: January 30th- Declined & closed below entry price, looking good as short. January 25th- Declining slowly holding below MA50, We still like this as short. January 20th- seems rolling over testing MA50, wait & see situation. January 18th- this is still below our stop loss criteria and overhead resistance but is not looking very good as a short. January 11th- Made a lower low but closed at the top of the range. Still holding below EMA lines & showing downside potential. January 10th- Made a sharp decline & traded below opening price, money flow declined sharp. Looking good as short now. updating our stop loss criteria to $107.23 January 6th- Seems rolling over & closed below EMA lines. January 4th- Consolidating just above EMA lines & below MA20. Not looking very good. December 28th- After some upward run seems rolling over to the down side. Now wait & See. December 19th- holding below our stop loss criteria but not looking good as a short December 12th- Retested MA20, but closed below. December 6th- Strong downward move from EMA lines, looking very good as short. November 30th- Huge 3.56% decline today and closed below entry price. Looking very good as short. November 15th- hit entry zone criteria and now we wait and see