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tonyqs87

IYR IS RISKY

Short
iShares U.S. Real Estate ETF (AMEX:IYR)  
tonyqs87 Updated   
AMEX:IYR   iShares U.S. Real Estate ETF
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
-- higher lows, and resistance remains @79.20, if the triangle is valid, then short IYR.
-- not a reverse
-- keep going down after break downwards the triangle
set stop @ 79.3
Comment:
it broke out from the consolidation area which ranges from 77 to 79.00.
meaning -- it was a consolidation area in uptrend, so it could still move up till it reach its really end.
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