$MU making Head & Shoulders Pattern?
Updated
Good day!
Been watching MU for a couple of weeks, hasn't been a fun trade lately. After some more detailed TA it appears MU could be completing a Head and Shoulders pattern
Decreasing Volume as what appears to be a Left Shoulder & Head forming help suggest the patterns completion.
Set a few Entry and Exit targets to play the Right Shoulder formation, should it continue to play out. Could Simplify it by going Long and setting tight Stops
please like & subscribe and share your thoughts or critiques!
Happy Trading!
Been watching MU for a couple of weeks, hasn't been a fun trade lately. After some more detailed TA it appears MU could be completing a Head and Shoulders pattern
Decreasing Volume as what appears to be a Left Shoulder & Head forming help suggest the patterns completion.
Set a few Entry and Exit targets to play the Right Shoulder formation, should it continue to play out. Could Simplify it by going Long and setting tight Stops
please like & subscribe and share your thoughts or critiques!
Happy Trading!
Trade closed: target reached
I would probably cash in here at the 1.414 fib level- but that 1.618 Fib level looks smash-able
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