MaryJane
Long

YUM BRANDS Falsebreakout- targets. 86/ 96$

NYSE:YUM   YUM BRANDS INC
84 1 29
Yesterday we saw a classical false breakout, a bull trap.
The shortterm Support @ 79.10 was a intraday fight. First it seemed, that the Support zone would turn into a resistance with generating the next sell-Signal.
But the opposite appeared: A bullish hammer was formed per Close. Today we can see a big upmove which beated the downtrend.
I see a classical 1-2-3 long pattern with tp1:85,5 / TP2: 86$
The requirement for this possible Szenario is that YUM will not close sustainable below the last "3"


Introduction into 1-2-3 Trading Pattern


Good luck :-)
Trade active
Comment: TP1 reached
snapshot
tp1 reached
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