Trade entry: after breaking the triangle's lower border .either with an entry
after confirming the breakout, or after a -possible- retest to the lower border's rate.
Take profit: identified by measuring the vertical distance from the first touch (1) to the
second touch (2), that measurement is then applied from the breakout point
Stop loss: can be the triangle's...
Nestle seems to be forming a Bearish Head and Shoulders Pattern. Neckline breakdown below 11300 could potentially give a target of 10700/10500. Move above Shoulder resistance at 11750 on closing basis could negate pattern.
Very strong chart.
Strongest chart in the FMCG pack
kissing all time highs
broke out of a triple top at 11700
Buy on dips
stops 11300
Tgts can be much higher
