A nice Simple trade. With rates rising and FED finally making the right decision
to deal with inflation we can expect retailers to have some difficulties going
forward. After completing wave 3 up it is failing to push higher. While the current
formation does appear as a bull flag it has failed the breakout. As such a great
risk-reward setup is at play giving people enough time to short. if it breaks up
again well, it's a simple low-risk stop.
to deal with inflation we can expect retailers to have some difficulties going
forward. After completing wave 3 up it is failing to push higher. While the current
formation does appear as a bull flag it has failed the breakout. As such a great
risk-reward setup is at play giving people enough time to short. if it breaks up
again well, it's a simple low-risk stop.
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