Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top MLN on September 21, 2023, netting in a 3.38% gain over 2 weeks

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09/27/23

+3.38% Gain from a Successful pattern Triangle Symmetrical Top

MLN - VanEck Long Muni ETF

Ticker: MLN

Company: VanEck Long Muni ETF

Gain from shortening: +3.38%

Confirmed: 09/21/23

Succeeded: 09/26/23

Total length: 18 days

On September 08, 2023, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bearish) for VanEck Long Muni ETF (MLN, $17.31). 13 days later, on September 21, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 26, 2023, the stock hit the target price of $16.75 – resulting in a gain for traders who shorted the stock on the pattern detection date.

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