demyanchuk
Long

LAUDER ESTEE COS INC: The beginning of trend reversal?

NYSE:EL   ESTEE LAUDER COMPANIES INC (THE)
Signals:
1-breakout of inclined long-term support
2-formation of local             bearish movement
3-double top with oncoming realization

Sell 91.89-91.50 (the breakout of double top neck)
Stop 94.28 (+1 tic of double top high price)
Target 85.00 (Elliots' waves+strong supporting price)
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