Right now, this is setting up exactly the same as our call to short at $5500. Right now, I'm targeting somewhere between $3600-$4000 as the profit taking area on the short. But it's the exact same setup with the bear flag/pennant coming out of the drop. It's possible we bart back up, break $4600 with conviction and volume and I'd stop out of the short.
Comment:
And here we go, looks like the breakdown has begun!