Buy DFS at $64 for short-term bounce.
Rarely seen such a nice H&S..let the Chart speak...
@1simpletrader
DFS was on a long bull run from 2009 to 2014 price created a correction channel in 2015 bouncing off 38.2 fib evel 2016 price broke above the channel, retested and reached resistence at 58$ looking to go long here on a high vol break above 58.5$ note that price action created also inv H&S which make a big upside potencial
DFS is offering an interesting setup in the monthly, daily and 65 min charts. We can clearly see the reaction to the news has been positive and can expect continuation into the highs. Target on chart is derived from monthly price action, the stop from the daily, and we use the 65 min timeframe to get a clear picture of the price action around the news. All 3...
NYSE:DFS is involved in a large downtrend, now is at the end of a correction bull trend, but is close to turndown. The price is close to test the 52 zone or 23.6 of her fibo and the 200 sma. i think the price can return over test the 200 SMA. Setup: short TP1: 43 SL: 53.2 entry: 52.5