Head and Shoulders on LT Short

LARSEN & TOUBRONSE

Description

⋅ Sep 27, 2016 4:14 PM

First ever published idea, Need to wait for a candle close below the Trend line for a minimum H&S price objective of 1226.

Trade active

⋅ Nov 7, 2016 8:53 AM

Trade is active, since we have a close below the upward sloping Trend line.

Tgt: 1225 / SL: 1454.

The most difficult part: Patience for the target to be reached.

LT Head and Shoulders

Comments

QuestionMode

⋅ Sep 28, 2016 5:38 PM

Great Find.

walter0202

⋅ Sep 29, 2016 3:58 AM

Thanks !! Will need a bit of patience though.

WaveTalks

⋅ Oct 2, 2016 3:01 PM

Likely -Yes Its a possible H&S Pattern - Vertical Distance from Head to Neckline could be the target below break of neckline. One could reduce the risk by taking 50% - to 61.8% of the vertical distance as target to reduce the risk.

walter0202

⋅ Oct 2, 2016 3:05 PM

Thank you.

WaveTalks

⋅ Oct 2, 2016 3:06 PM

Welcome