The second is a pattern , which has reached its limit and completed for a gain of $4.50.
And the last pattern in progress is the which still has a shorting opportunity. If you place your short entry at point B , your limit at the of the BC leg, and your stop above point X, you should profit more than $3.00 a share.
The support behind this Trade includes the , the previous not completed , and the channel.
The channel has a pattern completed in the positive deviation area for both the last 100 and 200 moves, which suggests that the market is likely to move into negative deviation.
thanks for checking out this trade, if you decide to act on this trade, I wish the best of luck to you , please like this post and come back and comment when it completes and let me know how you did.
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