The illustrated H&S of my former analysis did not occur. INSY was not ready for Takeoff!!! Instead, the mentioned short signal was generated yesterady with close <14.8$ The next TP could be the bottom at 12,35$. Here a consolidation could start. The TP of the corrective move could be the 38,2 fibo-retracement at 14$ Trading below that level generates the next shortsignal with TP = 8,8$!
former analysis
INSY - READY TO TAKEOFF?
The midterm downtrend has to be discussed!
The last 7 tradingsessions INSY-2.71% is fighting with the present dominating downtrend.
If Insy-2.71% could defend this Niveau sustainable, i exspect a new buying-wave, when the H&S will be perhaps triggered (with Prices > 17.25$)
The possible Minimum TP of this H&S pattern would be 19,4$, the Maximum TP 21.25$.
Trading below 14.9$ means, that INSY-2.71% reenterted the downtrend again. Below 14.8 a shortsignal appears (with TP @ 12.3$)
Good luck!
3 days ago
Trade active. Wow, INSY has reentered the downtrend, the H&S got not triggered. Now shorts are interesting...
former analysis
INSY - READY TO TAKEOFF?
The last 7 tradingsessions INSY-2.71% is fighting with the present dominating downtrend.
If Insy-2.71% could defend this Niveau sustainable, i exspect a new buying-wave, when the H&S will be perhaps triggered (with Prices > 17.25$)
The possible Minimum TP of this H&S pattern would be 19,4$, the Maximum TP 21.25$.
Trading below 14.9$ means, that INSY-2.71% reenterted the downtrend again. Below 14.8 a shortsignal appears (with TP @ 12.3$)
Good luck!
3 days ago
Trade active. Wow, INSY has reentered the downtrend, the H&S got not triggered. Now shorts are interesting...
Trade active:
next selling Signal ahead (<12,36)
Comment:
TP1 reached ("The next TP could be the bottom at 12,35$".)