cyclewave
Short

EBIX (US) - 120 min sell

NASDAQ:EBIX   EBIX INC
EBIX (US) is in downtrend and under performing the US index (nasdaq). After huge downfall it makes triangle which also broken down. Sell with stops above 18.18 for bigger target.
Trade closed: stop reached: The triangle was actually X wave of WXY pattern.
Comment: First this is not a triangle which i draw. Its the part of complex correction.

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