Smiths DS: SMDS Head and Shoulders breakout

Replied by redchilly on topic Smiths DS: SMDS Head and Shoulders breakout

Follow up chart 10/11

Gapped up today
Partial profit taken....closed 1/3rd today.
SL moved to below the low of yesterday ( 248.5 )
Trade not free yet but near to breakeven.

Order to open long @ 254.5 (gap)

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Replied by redchilly on topic Smiths DS: SMDS Head and Shoulders breakout

will start taking profit at 265 (previous high)
then 275 100% fib extension
& 295 161.8% fib extension
sorry no chart as @ work

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Replied by redchilly on topic Smiths DS: SMDS

Nice gap fill y'day
today's candle making a HH and a HL

I have an order to open Long position tomorrow at 248.5
SL is below y'days low which is 240 (which is also 50% fib)

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