2waytrading
Short

Head and Shoulders (Classic Bearish Pattern)

NYSE:BBL   BHP BILLITON PLC SPONSORED ADR
34 0 0
"seeing is believing" it doesn't need a lot of explanations. If u decide to take short position, beware of the nature of this stock. It likes to gap either upside or downside most of the time. But today's runaway gap downside was not usual type of gaps it had the print of high volume and it confirmed the bearish head and shoulder pattern. Just make your stop loss at recent swing high or half way the gap. Stay safe and tuned for more to come. If you like, follow us.
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