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MS - Potential H+S Pattern - XLF looking weak

Short
NYSE:MS   MORGAN STANLEY
Potential H+S pattern on Morgan Stanley ( MS )

May wish to wait for further confirmation of the breakdown before entering, if you choose to enter now, i would use a close above the right shoulder as an initial exit.

P.S. The H+S pattern i noted on JPM also seems to be developing quite nicely, overall the financial sector ( XLF ) is one to keep an eye on


-TradingEdge

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