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VasilyTrader
May 26, 2020 12:56 PM

BERKSHIRE HATHAWAY INC (BRK.B) Trading Plan Long

Berkshire Hathaway Inc. NewNYSE

Description



Very sexy inverted head and shoulders pattern is forming on berk.

117.0 is our horizontal neckline.

First, we need a 4H candle close above that to confirm a breakout.

then we can buy on retest of the broken structure expecting a further bullish continuation.

target levels are:
183.0
190.0
196.0

stop is below the right shoulder


if the market goes below the right shoulder,
setup will be invalid.

Trade closed: target reached

New analysis!
Comments
AmyLand
Excellent Analysis And very well explained..interesting things
VasilyTrader
@AmyLand, thank you my friend ☺️
Gayel
Thanks for the detailed analysis
VasilyTrader
@Gayel, you are welcome)
VasilyTrader
What do you think will happen?
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