EOG Resources Short Setup

Hi Everyone, we discussed this stock in our us energy stock screencast and identified that this was a short setup to keep an eye on.

Only a few days later now it has slipped sharply down and has broken out and down. We're waiting now for a correction and also to confirm that it won't reenter the trend line on a shorter time frame for the short entry.

Trade active:

Trade is now active.

Trade closed: stop reached:

It reentered the structure so the trade was invalidated.