Inverted H&S on AAPL Stock 4HR
Hello again TView,
Although I generally stay away from stocks, this seemed to be a pretty obvious pattern.
We are just breaking through the neckline of a fair sized Inverted Head And Shoulders pattern.
This particluar Ih&s covers about a 15% move (~15.43$) , multiply by the chances of actually reaching target (71%) and we get our TP
TP: 10.95$ or ~9.5%
SL : Bottom of right shoulder (~112$)
link for accuracy percentages for the pattern : thepatternsite.com/hsb.html
**DISCLAIMER**
This pattern semi confirmed on last bar of last week, to avoid a possible busted pattern due to weekend buggery, wait for at least one full bar to close above this neckline when markets re-open.
Although I generally stay away from stocks, this seemed to be a pretty obvious pattern.
We are just breaking through the neckline of a fair sized Inverted Head And Shoulders pattern.
This particluar Ih&s covers about a 15% move (~15.43$) , multiply by the chances of actually reaching target (71%) and we get our TP
TP: 10.95$ or ~9.5%
SL : Bottom of right shoulder (~112$)
link for accuracy percentages for the pattern : thepatternsite.com/hsb.html
**DISCLAIMER**
This pattern semi confirmed on last bar of last week, to avoid a possible busted pattern due to weekend buggery, wait for at least one full bar to close above this neckline when markets re-open.
Nota
A beautigul upwards move :)I wil lbe moving SL to breakeven plus a few pips to maintain profits and create a risk free trade.
Trade chiuso manualmente
Trade closed as it hit our "breakeven + a few pips" SL
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.