MarketMotion

ANF - Bearish H&S - PT 30

NYSE:ANF   Abercrombie & Fitch Company
On the monthly, we can see a double bottom pattern breakout that has yet to back test the previous resistance which happens more often than not. The daily H&S pattern gives us an implied move to do exactly this before moving up again. I would be more of a buyer in that 29-30 range if it can should support here.

Should see an ABCDE Descending Triangle Wave Playout over the longterm and would follow this for my trading range.

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