Short
H&S taking form
If PEIX starts to fade in the 15.6 area then this trade has a good risk/reward. Not sure if we can break the neckline though and therefore my prediction is quiet conservative. Alternatively it goes all the way up to the other shoulder at around 18. (The second stop loss is an error - should be taken at same level)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.