Ascending and Inverted Scallop !

Dec 29, 2016

I've observed a trade able Ascending and Inverted Scallop pattern in the stock. Trading rules say that one can enter long when it closes above the high of the pattern which is today with the stop loss the Low made during the pattern. Applying the rules : stop loss 395 and target 465 which gives risk to reward only 1 so I am avoiding the entry and keeping it for learning and education purpose.

Jan 7, 2017

Note

So far trade is doing well moving as expected.

Feb 2, 2017

Trade closed: target reached

Closed the trade on reaching the target.