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Long

H&S Chance: Good for 25%?

NASDAQ:LULU   LULULEMON ATHLETICA INC
180 3 28
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.
Reply
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
Reply
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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