Technical Trades
Technical Analysis applied to Stocks and Futures.

Further to THIS POST and THIS POST, EFA has rewarded +2.63% from the add and 0.27% from the initial to form a bull flag on the hourly after the test of the island gap support. The inverted SHS is also clear and a bullish neckline break would target 71.70, or +15.6% from my average of $61.99.

I have a stop to even on the add now and will keep the 5.5% risk stop on the initial until the gap fails, at which time I’ll reevaluate. But for now, lots of green hope for this one.