Would you consider this a valid short?

I see the double bottom,yet it appears to have gapped to upper channel.Not sure of the R/R yet.
cordially Tom
It's a boomer on the weekly with room to 15.00 where weekly channel is. I like the bullish band action and especially that vol gap up earlier this year. Channel turn up 4 ays ago so your bid area and stop are excellent. Now it's just a matter of whether it comes back for you.
Now that's putting the numbers on your side
Yep, I would strongly recommend you peruse IB's online webhelp http://www.interactivebrokers.com/ph...lp/webhelp.htm

It's got potential this one!

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