Reverse head and shoulders indicates a market reversal. In this case, a possible market spike to the indicated ~ $37 line upon 4-hour break out(and holding) of the neck line. It currently broke out and needs to hold for this idea to take place. However, this idea is cancelled if it breaks down.
Good Luck.
**NOTE**
** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
** DO NOT use my published ideas for making decisions.
Recommendations are welcomed.
Good Luck.
**NOTE**
** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
** DO NOT use my published ideas for making decisions.
Recommendations are welcomed.
Trade active:
Currently consolidating at the .618 of the $14 low.
Target almost reached. Good luck.
Target almost reached. Good luck.
Comment:
We got within 84 cents of our target. Not bad. However, the idea is still in play unless the current trend breaks down current $30.49 support . Good luck.
Trade closed: target reached:
Target reached at $37.11 ...congrats :)
I also see a possible bullish flag setup for another long trade...more to follow.
I also see a possible bullish flag setup for another long trade...more to follow.