IEX LOOKING TO BREAKDOWN PATTERN ALERT***

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SUMMARY:-
*stock has rejected its 20-ema
*on shorter time frame we have a visible "m" formation also called "double top"
*a close below 245 on closing bases will confirm symmetrical triangle pattern breakdown
*if achieved a close below 245 we will see a clear move towards 233-230
*followed by further breakdown then 223-215 if not then a pullback towards breakout levels can be seen

IEX JAN FUT
SHORT@249
STOP@258
TARGET@242-238-233
(WILL EXTEND IF CLOSE BELOW 233 IS ACHEIVED)

NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*follow for more action
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Nota
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Bearish PatternsChart PatternsDouble TopfuturesIEXTechnical IndicatorspatternbreakpositionalpriceactionSymmetrical TriangleTrend Analysis

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