EFA: Full Ripeness

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.

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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.

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Here is the bigger picture. If this works out as I hope, it could be the greatest first trade of 2022.

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