Daily 2-box reversal Point & Figure chart of $UDN (Dollar Bearish ETF). UDN is glacial. This thing is just a pig to trade. I put this on my watch-list, but I’m not sure I would live long enough to see if my long position ever closed out. “Set it and forget it” comes to mind. Its 14-day ATR is a mere 23 cents (woo!).

I do like the set-up. Potential Triple Top breakout in an uptrend. Nice stuff. The chart is obvious. 1/2 in on the Triple Top break and another 1/2 above the most recent high. A stop (if you use them) at 26.20 when the chart turns bearish and the world sinks into a fiery lake. The long trade breaks if price moves to 26.20

Disclaimer: This is not a recommendation to buy, sell or hold this stock or ETF. Wall Street is a casino and not a guaranteed return on investment.