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nicolopigna
Nov 20, 2018 10:02 PM

Kangaroo tail on FAST Short

Fastenal CompanyNASDAQ

Description

While we wait for that huge head&shoulder to complete and go short, the right shoulder is giving us another nice signal with the formation of a kangaroo tail. Both the promise of the major pattern completion and the tail gives me enough confidence to open a trade at my standard risk %. This time I'm using channels to calibrate stop loss and take profit. SELL STOP @ 55.02, STOP LOSS @ 56.02, TAKE PROFIT @ 53.13
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