IYR broke out of an inerse head and shoulders pattern om the first trading day of 2017. It since formed a bull flag and broke out of that on Thursday. I am looking for a target of $80.50+ at longer-term resistance.
Trade closed: target reached
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I'd like to thank XHB for a great trade that pretty much went straight to target and...wait, what? Oh, I'm sorry. There's been a mix up. IYR is the winner this week. : P