Shadsteh

REV Symmetrical Triangle

Long
NYSE:REV   Revlon, Inc. New
Market order placed to go long with REV anticipating a continuation symmetrical triangle formation with a nice risk / reward.

If the lower boundary of triangle is broken decisively at a day close the analysis will be falsified.

1. Taking a position here before the next rally with anticipation of a breakout.
2. If the next rally bounces off upper resistance of triangle formation, this gives an opportunity to take profit and wait for bounce confirmation off the lower triangle boundary.