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heartlandroasters
Jun 2, 2021 4:47 PM

IPI 50% drop to $14.50! Short

Intrepid Potash, IncNYSE

Description

IPI in Wyckoff Distribution, get ready for Markdown phase!

Don't like Wyckoff? Consider downside targets on traditional head and shoulders break measures to same area.

PSY = preliminary supply
BC = buying climax
AR = automatic reaction
ST = secondary test
SOW - sign of weakness
UT = upthrust
LPSY = last point of supply

Source for labels: Stockcharts.com
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