DonkeyTrades
Short

Busted Gartley + Head & Shoulders Breakout + Bearish Rsi Diverge

NASDAQ:ZNGA   ZYNGA INC
329 10 1
Busted Gartley + Head & Shoulders Breakout + Bearish Rsi Divergence. I Know Most People Would Not Consider This A Busted Gartley , Because Of The Normal Placement Of Stop Losses. With What I See On The Chart, I Call It Busted.
I Always set my TAKE PROFIT at the min profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!! BAMM Trades Should Be Traded No Further Than The Completion Point Of The Pattern In Question.......
Adrianrconant
2 years ago
In my opinion, The H&S was broken in D point, when all that sell volume was loaded and bulls supported strongly, so this trend is already is rebounding from C point. Regards!
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DonkeyTrades
2 years ago
YA ME TOO ON THE HEAD & SHOULDERS PATTERN, I WOULD PERSONALLY HAVE ONLY HAVE TRADED IT TO THE COMPLETION OF THE GARTLEY. I just added it as a complimentary to what i consider to be a busted Gartley pattern. I consider is busted because of the long sideways consolidation, without any meaningful break above the completion point of the Gartley.
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DonkeyTrades
2 years ago
I think going long here would be trading suicide.
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DonkeyTrades
2 years ago
Maybe it will break north for a move, i don't know I'm not a prophet, i would defiantly say the odds are against it. Thanks for the input.......
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Adrianrconant DonkeyTrades
2 years ago
What I've been thinking is that it really could go up a little bit, probably 3.20 or the closest resistance area first, then could drop to 2.7 area and rebound again. Why it could fall to 1?
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DonkeyTrades
2 years ago
I THINK ITS MORE LIKELY TO HIT THE GREEN TAKE PROFIT LINE, BEFORE IT HITS THE RED STOP LOSS LINE.
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Adrianrconant DonkeyTrades
2 years ago
Thank you for your chart my friend. Good luck! :)
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DonkeyTrades
2 years ago
This is not a trade i personally got involved in, just an an idea.......
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DonkeyTrades
2 years ago
Im still learning from my mistakes like everybody else. :-)
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Adrianrconant DonkeyTrades
2 years ago
Me too. :)
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