truthreveller

RBC $RY large head and shoulders pattern

Short
NYSE:RY   Royal Bank Of Canada
RBC $RY large head and shoulders pattern forming, as the correction in September 2011 and January 2016 formed the base for the left shoulder. While the rally from 2016 to 2018-2019 formed the head of the top.

Looking for RY to retrace to the base at $44 by March 2020.
Short term retrace to lows of December 2018.
Trade closed: target reached:
target reached for now, but I expect it to bottom at $20s 1-2 years from now

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