Shadsteh
Long

REV Symmetrical Triangle

NYSE:REV   REVLON INC
Market order placed to go long with REV anticipating a continuation symmetrical triangle formation with a nice risk / reward.

If the lower boundary of triangle is broken decisively at a day close the analysis will be falsified.

1. Taking a position here before the next rally with anticipation of a breakout.
2. If the next rally bounces off upper resistance of triangle formation, this gives an opportunity to take profit and wait for bounce confirmation off the lower triangle boundary.

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