jlb17ww2

Bearish Butterfly & Bearish Shark

Short
jlb17ww2 Updated   
NYSE:MRK   Merck & Company, Inc.
Bearish butterfly (with bearish divergence) has completed and price transitioned into a small bearish shark. The bearish Shark is completing at a significant resistance level and showing reverse bearish divergence.
Trade active:
Purchased August 62.50 puts @ 1.51
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