VCIT - Longterm Upward channel breakdown Short from $84.83

NASDAQ:VCIT   Vanguard Intermediate-Term Corporate Bond ETF
VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area.

* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Longterm Upward channel breakdown
Entry Target Criteria- Break of $84.83
Exit Target Criteria- $79.73
Stop Loss Criteria- $86.13

Please check back for Trade updates. (Note: Trade update is little delayed here.)
Order cancelled: Never hit our entry, taking off the list.

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