cbud
Short

BP is rejecting at a channel high with pattern

NYSE:BP   BP PLC
16 0 2
4 hour large Bear candle forming at projected channel resistance with throw-over.
Flat pattern labeled abc up potential completion.
Trigger short on a strong move lower at 34.30 with target into 31.25.
Initial stop above the wave c high at 36.31.
Follow it through into 29 or below if 3rd wave develops.
Truth is what happens in the real world; not necessarily words from a book.
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