Hey guys, currently we have
ISP with the following technical analysis which would indicate a higher probability of another bearish impulse.1. Nice clear bearish impulse on larger degree
2. Corrective ABC pattern within range of 61.8 % retracement
3. Bearish impulse on lower degree breaking out of larger degree trend line
4. Healthy bearish correction on lower degree with the move breaking out
Typically I don't short the stock market much, I am mostly bullish with my positions, but this one looks really clean so I will be involved.
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