A conservative trader shoould wait for a confirmation break of the neck line before shorting, i personally am already building a position. Do not trade on chart patterns alone as they are historically unreliable. However this set up seems juicy, lets see if it plays out or is this just a fake to trap bears? Good luck to all,
Red Boar
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We have a break below the neckline...as always I am wary of fakeouts but so far teh shorts are paying off!
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I had my stop loss at 1255...this thing went to 1248 on a stop run...LOL thank you to the short gods