the TIBX short is still below the first posted entry price, although only slightly as it has bounced back close to breakeven after getting sucked into this volume-less rally before hitting it’s first target. i’ve added a triangle pattern formation to this daily chart and although i’m still giving my shorts a little extra wiggle-room on the stops, i plan to cover if prices make a solid move and/or close above the top of that triangle. as always, set your stops according to your own trading plan and risk tolerance.
