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Long

H&S Chance: Good for 25%?

NASDAQ:LULU   LULULEMON ATHLETICA INC
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There is a wonderful bullish H&S! Treading above the neckline generates a longsignal with TPs: 82$/88$/97$
In my Chart i nhave illustrated the possible Breakout-Longposition. Where you place your sl, depends on the timeframe you are trading.
Good luck!
Trade active
Comment: with the flag to tp1?
Comment:
I must correct myslf. After the backtest of the previous high the way should be up now.
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THX for your thoughts.....now we have to wait, if this breakout will not turn into a false breakout...than i exspect a fast shortterm downmove
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For my taste we run to far already. I might agree that we may see higher rates, but at moment I would prefer a correction the more that we opened lower today.
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