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HYG - ISHARES IBOXX LONG SETUP

Long
AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
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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