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ucspider
Dec 22, 2014 3:16 PM

GLD - Short idea, Potential break of a bearish pennant Short

AMEX:GLD1D
SPDR Gold TrustArca

Description

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Strong volume on the bearish candles
looks like forming a bearish pennant
Below all Exp moving averages
If we close below 114.55, stop 115.46 target below the 111 area nice R/R
Buying Feb15th put options 115 strike price
GLDucspidershortBearish Patterns
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