(Click On Charts To Enlarge)
In the daily chart, support at the up trendline came in today at 33.695. The morning low was 33.67, just a hair below it. At this morning's low, I was up $5,000 in my short trade from last Friday, but when UYG came back almost to UNCH on the day, I abandoned the trade for about an $1,800.00 gain, figuring that the Bearish Wolfe Wave breakdown got trumped by UYG finding trendline support in the daily.
My main concern was salvaging a decent profit, so "When in doubt, get out." I did.
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