Head and Shoulders is forming

Jan13: Head and Shoulders forming. The triple momentum divergence is the signature of the H&S pattern. Even though Earnings was good, the market reaction was not so good. If this is the case then this could fall as low as 12.63 where the 50% retracement of the rally is marked. Keep an eye on the rotation of the fast ribbon (orange) if the price doesn't go back above 16.50 then the market will probably just dump it. and will retry breaking the 18 Strong resistance at a later time.

Entry @15.50 Target1:15.25, Target2:13.80, Target3:12.63. Stop@16.50