Hello again TView,
Although I generally stay away from stocks, this seemed to be a pretty obvious pattern.
We are just breaking through the neckline of a fair sized Inverted Head And Shoulders pattern.
This particluar Ih&s covers about a 15% move (~15.43$) , multiply by the chances of actually reaching target (71%) and we get our TP
TP: 10.95$ or ~9.5%
SL : Bottom of right shoulder (~112$)
link for accuracy percentages for the pattern : thepatternsite.com/hsb.html
**DISCLAIMER**
This pattern semi confirmed on last bar of last week, to avoid a possible busted pattern due to weekend buggery, wait for at least one full bar to close above this neckline when markets re-open.
Although I generally stay away from stocks, this seemed to be a pretty obvious pattern.
We are just breaking through the neckline of a fair sized Inverted Head And Shoulders pattern.
This particluar Ih&s covers about a 15% move (~15.43$) , multiply by the chances of actually reaching target (71%) and we get our TP
TP: 10.95$ or ~9.5%
SL : Bottom of right shoulder (~112$)
link for accuracy percentages for the pattern : thepatternsite.com/hsb.html
**DISCLAIMER**
This pattern semi confirmed on last bar of last week, to avoid a possible busted pattern due to weekend buggery, wait for at least one full bar to close above this neckline when markets re-open.
Nota
A beautigul upwards move :)I wil lbe moving SL to breakeven plus a few pips to maintain profits and create a risk free trade.
Dagangan ditutup secara manual
Trade closed as it hit our "breakeven + a few pips" SL
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.