U.S. Bancorp
Singkat
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H&S in USB

83
USB
WHY
1. USB traced well pronounced head and shoulders pattern on D and W.
2. Other industry (finance) stocks such as GS, WFS also posted a reversal on W and M.
3. SPX500 seems to be looking south on W

TRADE DURATION and PROFIT TARGET
USB and market in general might be starting long bearish trend however here we target the distance to
- approximately equal to the height of the H&S structure
- 200MA on W basis (highest timeframe where pattern is visible)
- support determined by previous highs
syot kilat

HOW
1. Short stocks with risk reward 4.0
2. Avoid options as it can be a long story

ENTRY
Trade will be entered 4H (lower timeframe) with SL
Waiting for at least 0.5 Fibo retracement for better RtW ratio
syot kilat
Dagangan aktif
syot kilat
I guess these divergences mean lower lows ahead

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.