COMP Inverted Cup & Handle - my first short?
Updated
New to trading and still learning to properly chart, but spotted this inverted cup & handle that looks like it may play out soon for COMP.
Thinking of shorting the break down at $146, then measured move down to $110-120.
Am I think about this correctly?
Thanks. :)
Thinking of shorting the break down at $146, then measured move down to $110-120.
Am I think about this correctly?
Thanks. :)
Comment
Is this also an inverse head and shoulders pointing down as well?Comment
We broke the 146 support and will have to see if we recover that ground. I'm seeing two inverted head and shoulders, now. The most recent with a measured move to the S3 support at 135, and a larger macro inverted head and shoulders with a measured move down to $75
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