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thutch
Jan 10, 2018 2:07 PM

Short high yield debt Short

iShares iBoxx $ High Yield Corporate Bond ETFArca

Description

Forming a topping pattern with a recent right shoulder in the process.

Potential early entry now, through a spike higher is a possibility. Else wait for pattern completion.

I view the H&S target as a minimum ... it could drop far further

Trade active

H&S top potentially completing

Comment

The H&S target was actually 84, not 81 as shown on the chart
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