Typical head and shoulders pattern. Looking to sell once the neckline is broken and closed below. Confirmation on the following day when low of breakdown bar is broken. Profit 1 10.35 and move stop loss to break even. Profit 2 8.75.
If overall market continues to fall it may be worth holding a small position to see if profit target 3 can be hit.
If overall market continues to fall it may be worth holding a small position to see if profit target 3 can be hit.
Comment:
Playing out nicely so far.