With the banks gewtting hit with downgrades from Moody's today, maybe this will turn into a triggered trade. Evening star pattern on the daily chart? Bearish?
This is a watch list candidate. Not triggered yet, but worthy of close observation. The premise is the banking sector has expressed weakness, and the chart suggests a leg down in possibly initiated. If several conditions are met relating to a sustained price decline, possibly on increased volume, a relatively low risk to reward trade is an option.
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