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RiskRewardRatio

Short for GLD from a rising channel

Short
SPDR Gold Trust (AMEX:GLD)  
RiskRewardRatio  
AMEX:GLD   SPDR Gold Trust
Trend Analysis Chart Patterns realtrade
5
0
trendanalysis chartpattern realtrade
I identified two rising channels developing since August, along side with a smaller one. There was a breakout towards downtrend in the upper channel.

Entry: 142.34

I sold a call credit spread to short the position. Currently, it seems that it is about to break the lower rising channel.
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