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.
Entry - Below 950 based on bearish close
SL - 975
T1 - 935
T2 - 920
T3 - 905
For study purpose.
Thanks.
Trade active
Trade closed: stop reached
Pattern failure
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.