FRAN - H&S formation short down to $10.17

FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area.

* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $13.93 or rally back up to $14.93
Exit Target Criteria- $10.17
Stop Loss Criteria- $15.75

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Trade active:

April 6th - traded into its 5 day EMA and hit our higher risk entry zone criteria.

Comment:

April 11th- Went up & closed above EMA lines, but holding below stop loss criteria. Now wait & see.