RATE Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks RATE on June 12, 2024, netting in a 14.42% gain over 2 months

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+14.42% Gain from a Successful pattern Three Falling Peaks

RATE - Global X Interest Rate Hedge ETF

Ticker: RATE

Company: Global X Interest Rate Hedge ETF

Gain from shortening: +14.42%

Confirmed: 06/12/24

Succeeded: 08/23/24

Total length: 74 days

On June 10, 2024, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for Global X Interest Rate Hedge ETF (RATE, $20.94). 2 days later, on June 12, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On August 23, 2024, the stock hit the target price of $17.94 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

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