FractalTrader
Short

Ascending wedge shows a potential bearish setup

AMEX:JNK   SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF
56 0 6
Should price move below the pivot low of 35.94, without making a new high, this short setup will be valid. Price should retrace at least the entire wedge , but more likely the entire move from 31.
Comment: should price move above 36.78, this particular trade idea will be invalid. A triangle pattern may still be in play, so I may re-evaluate this pattern again in the coming week
Comment: believe it or not, price has still not exceeded 36.78, so the setup is still in play. No harm no foul yet, since no money in the game until the short setup is triggered at 35.94.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out