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Long

HYG - ISHARES IBOXX LONG SETUP

AMEX:HYG   ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF
hyg
20 0 1
hyg
According to the price action the 82,24 level could be a good support. The pullback shows a first leg up, AB, and a correction. A good entry in this retrace could bring to the 84 level as a possible target. I'm looking for an AB=CD pattern . The target is a resistance area too. Risk reware ratio 4,5. SL below 0,382 fib line.
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