themarketzone

Possible downward continuation setup

NYSE:TEVA   TEVA PHARMACEUTICAL INDS LTD
The bearish Gartley we used in the Elite Zone to short $TEVA from the 55$ zone generated a 8$ downward move in the stock.
Now that $TEVA bounced from support to complete its 61.8 Fib retracement, is it the time to jump on the bearish continuation trade?
"Aggressive C sell" scenario in a possible bearish AB=CD pattern.
As long as the stock stays below broken trend line , this scenario may work.
Target - Completion of AB=CD pattern near 44$

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