GLD formed a H&S formation, and now broken down the neck line with strong volume. Moneyflow was diverging & broken down the negative side. We think it has good downside potential. To play this we would consider October $119 Puts @ $4.25 or $112 Puts which are $1.15
* Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- H&S breakdown short Entry Target Criteria- Break of current label ($115.83) Exit Target Criteria- $110-111 Stop Loss Criteria- N/A
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