For those who have been patiently waiting for the worldwide equities fund EFA to reach an enticing point for a short-sale, I think that time is at hand. Take note of the important price gap, and how we have just about sealed it up perfectly.
My big picture on this is a very well-formed head & shoulders topping pattern, spanning eight months. If this pattern holds, and the neckline is broken, the target price is way down at that thick dashed line I’ve offered.
Here is the bigger picture. If this works out as I hope, it could be the greatest first trade of 2022.
