Simple Square Short (Descending Triangle)

Chart says it all. Square is in trouble, and looks poised for a visit into the 50's.

T1: 59
T2: 55.50
T3: Dec Low 49-50.

Below that and buy with both hands.

Kommentera:

All downside from here.

Trade stängt manuellt:

Still trading this in and out, but got a nice break to 59.50 enough to consider this idea valid. Look for more downside to come.