MaxxPayme
Short

Head and Shoulders with potential target zones

BATS:CELG   CELGENE CORP
233 8 2
Classic H/S setup here - notes on chart $BBH $IBB $SPX             $SPY $QQQ $IWM
Slightly descending H&S necklines are more bearish
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MaxxPayme PRO QuantitativeExhaustion
3 years ago
agreed but harder to spot and trade IMO...usually there will be some chop between horiz area and actual descending neckline that a lot of traders get chopped up in
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QuantitativeExhaustion PRO MaxxPayme
3 years ago
i'd be more confident if price would attempt another try at the prior trend
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MaxxPayme PRO QuantitativeExhaustion
3 years ago
a failure there would be the best area to lay the short on - agreed - and you comment has merit based on the strength of the overall market. Many of these patterns may not ever play out if we continue higher. Although the BBH and IBB are showing relative weakness over the past week or so after huge runs
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MaxxPayme PRO MaxxPayme
3 years ago
call this part of a shopping list for shorts of sorts
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Ecantoni PRO
3 years ago
Great study
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MaxxPayme PRO Ecantoni
3 years ago
Thank you very much Ecantoni
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MaxxPayme PRO
3 years ago
so far so good on this one - wish I had played it!
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