Wednesday, February 26, 2020

UE Double Headed Double Short - Update 4


Beautiful day for this trade. It opened higher than yesterday's close, right on the lower yellow neckline and immediately started dropping. You can see there's no upper wick on today's candle.

Then it meandered down all day and closed 1 cent above the low. And it closed below yesterday's low. This is very supportive of a bearish view.

This trade is on track.

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