2waytrading
Short

Descending Continuation Bearish Triangle

NYSE:TEX   TEREX CORP
34 0 0
This bearish pattern is the combination of a horizontal support line and falling resistance line. It looks price made lower higher and new lower low which is confirmed today though market was up in general. It looks next leg down will take a few months and the chance to see another 25% drop is very likely if you decide to take a short position do your homework and make your stop at and around recent swing high or 21-day moving average. Checkout http://www.2waytrading.com
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