Baak on March *th I posted this chart warning of a break of trendline wave 3
Since then it has drifted lower while building a sweet bear flag,
Simple risk-reward setup. Short on a break stop of it pops back into the bear flag, No break no trade.
Remember this is my diary you all get to peek in on. :) that means my analysis is on going to track my progress. While some stuff i have to keep for subscribers you get some good insights for free. :)
Comment
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No Surprise here. The only surprise was that people believed that "opening" 10 million times would have produced growth in China.
Trade closed: target reached
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AMEX:CQQQ China tech Crashed as expected. Being short from here on in makes sense. Take profits no matter where the price goes.
Again it is very disappointing this great trade only got 1 like.
Don't forget to follow for more great trades in the future. The proof is in the pudding.