MRK TRADE (Short)

I like this one here and now based on a good r:r setup.

 weekly chart showing a false breakout of the triangle-(to be expected as usual) and now a downside breakout on huge volume. Triangles this big typically are tops.

Here's the set-up, I personally like the entry here as momentum has shifted down from the correction. You can use many stops, the two I prefer are at the red trendlines ($33.35 and $33.85) I think the risk:reward ratio is pretty good and this looks like a decent setup here and now. You could probably establish a decent size position with 1% portfolio risk (excluding unpredictable gaps-no position should be more then 15% of the equity of portfolio-see risk management link at the top right side of the site.)