Possible Inverse H&S

Here is a short term possible H&S of PBR. If it does play out as such a retest of the trendline that was broken might be possible. There is a lot of uncertainty with the switch in Brazil so a healthy dose of caution.

This is not financial advise.

Comment:

The price broke above the neck line. I entered a medium size position. I have been stopped out before on PBR so I am willing to take a little more risk on my SL.

Not financial advice