MysticBlubber

CMI Downward Channel, Short From Top

Short
NYSE:CMI   Cummins Inc
Trading off early identification of downward channel . Enter short at top of channel, with 3% stop loss for some tolerance against light chop outside the channel. Target is 0.786 retracement which aligns at the bottom of the channel upon financial release.
Trade active: Entered short at top of channel
Trade closed: stop reached