Both CHUX and EGO exhibit the pattern of green to red. With this pattern, you don't have to pay much attention to support lines. Entry of a short with this strategy is solely based on price action of green to red unlike “The Pumps” pattern, where you are looking for the price to busts a key support level. Green to Red is a very simple pattern that is very reliable at the same time. Remember how I said short selling was simple? Well, it is! Anyone can do it!
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