Inverted H&S pattern @ Range high

7 Nis 2018

The stock has been consolidating inside a broad range for sometime. Now that the range have been established, the prices tried multiple attempts to breakout of the range and it ultimately formed a Inverted HS pattern at its range high. Hence we can short below its neckline at 950 for a target of its range low 905.

Entry - Below 950 based on bearish close
SL - 975
T1 - 935
T2 - 920
T3 - 905

For study purpose.
Thanks.

10 Nis 2018

İşlem aktif

11 Nis 2018

İşlem kapandı: durdurma seviyesi

Pattern failure