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.
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.
![EFA Chart EFA Chart](https://d1-invdn-com.investing.com/content/picdccd8c3afbb0a5387c9af1f1f085260e.png)
Here is the bigger picture. If this works out as I hope, it could be the greatest first trade of 2022.
![EFA Chart EFA Chart](https://d1-invdn-com.investing.com/content/pic29b92c5110fa3d37a0c6965e5028e925.jpg)