TradingView
lauralea
Sep 21, 2022 6:43 PM

Double Top/Broadening Pattern Short

Hyatt Hotels CorporationNYSE

Description

A broadening pattern can also be called a megaphone.

Double top and descending upper trendline that price has been unable to successfully penetrate..

No recommendation/Price is still above the .382 of the trend up.

Comment

Updated 11-17-22
This is not the first double top for H.
Pror H&S but price has fallen beneath the neckline on a few occasions and recovered.
The neckline which is 83 will most likely be a source of support if/when price falls.
Bearish Harami today.
No recommendation.
More