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BARC - bias on the short side?

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12 years 10 months ago #5169 by redchilly
Replied by redchilly on topic BARC - bias on the short side?
you can enter with a SL 2 points above previous high which is @ 298.8

I'm already short on this thanks to a chart from remo on 23rd of march :)
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12 years 10 months ago #5168 by waverider2
Replied by waverider2 on topic BARC - Possible Head and Shoulders top???
Is the Head & Shoulder pattern playing out or on the verge?

Red Chilly/Remo please can you comment how you would trade this to the short side?

cheers

dl.dropbox.com/u/4385922/Barc0404.png

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12 years 11 months ago #4936 by diver993
Replied by diver993 on topic BARC - Possible Head and Shoulders top???
A possible long term view......

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...... there are several possibilities so far as EWT is concerned but, the most favourable from a long perspective, would have this as a wave 1 of 3. IMO wherever this finds support should be a good place to buy and 255 looks beautiful.
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12 years 11 months ago #4932 by remo
Replied by remo on topic BARC - Possible Head and Shoulders top???
This has got a nice head and shoulders formation on this. A finish below 290 would confirm but best if it finishes below 287

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13 years 2 weeks ago #3937 by waverider2
Replied by waverider2 on topic BARC - bias on the short side?
dl.dropbox.com/u/4385922/Barc.png

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13 years 2 weeks ago #3933 by waverider2
BARC - bias on the short side? was created by waverider2
A close below 288 will show Barc is loosing steam?
very close to the trend line and a bearish MACD divergence in play.

htts://dl.dropbox.com/u/4385922/Barc.png

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