S was a recently a highly successful long trade, closed in mid-july for a 60% gain. since then, i have posted a couple of short setups on the trade which were stopped out (obviously for much smaller losses than the previous long trade. once again, i think S offers a very good R/R short entry here as it is breaking below both this longer-term uptrend line (in yellow) as well as this shorter-term rising wedge pattern, complete with negative divergences in place below. i have marked the targets on this trade and plan to follow up with some suggested stop criteria soon. until then, consider a stop on a move above the recent highs in order to give you an idea of the R/R on the trade.
