LL is one of my favorite short trades and is current backtesting the recently broken bearish rising wedge pattern, offering an objective short entry or add-on to an existing short position. Suggested stops remain as original posted (~10% from entry) and as this trade was originally shorted at 64.87 when it was at the top of the wedge pattern, it still has a gain of over 7% from entry even after this initial bounce following the wedge breakdown. My preferred swing target remains T2 (35.10) but for those who might only want to shoot for T1 (48.90), a stop about 1-2% over the recent highs (65.48) would be more suitable from an R/R perspective. Updated daily & weekly charts:
