We have a textbook forming, with a consistent neckline in line with the hourly open. This has been a stock I've been following for a long time, and I've had the idea since the 24th April, or its second peak. It's very difficult to analyse stocks, as they tend to follow fundamnetals more - but I'm really confident on this one . It's not often that the pattern fails, let alone reverses. We shall see how this plays out alongside the falling .
Be careful with this idea, as it could reverse for a second time. Place a stop loss where you can afford to take losses - I have placed a potential point of entry on the chart, but personally I will enter here - as I can afford to do so due to my level of margin. Trade responsibly. NFA