Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse on October 24, 2023

A.I.dvisor
at Tickeron.com
10/25/23
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Cup-and-Handle Inverse
FIBR - iShares U.S. Fixed Inc Bal Rsk Fac ETF
Emerged: 10/24/23
Breakout: $81.24
Price: $81.58
Target price: $80.01
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for FIBR stock. This pattern was detected on October 24, 2023 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
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FIBRDaily Signal changed days agoGain/Loss if shorted
 
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Category IntermediateTermBond

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Category
Intermediate Core-Plus Bond
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
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www.ishares.com