Herbalife Ltd.Short
Herbalife: Potential For A Short Trade #Confluences
Friends
This stock has put in some nice Fibonacci harmonic moves. This final leg will bring us to the bottom of the range, which in turn, completes a very nice three drives pattern.
You can use extremely tight stop losses with this trade, I personally managed to get over 15 Risk Reward ratio in my best modelling scenario
I recommend taking profits before 1.272 extension is hit, as when the 1.272 extension is hit, the three drives pattern is complete, and thats a BUY signal.
Thanks,
Tom
This stock has put in some nice Fibonacci harmonic moves. This final leg will bring us to the bottom of the range, which in turn, completes a very nice three drives pattern.
You can use extremely tight stop losses with this trade, I personally managed to get over 15 Risk Reward ratio in my best modelling scenario
I recommend taking profits before 1.272 extension is hit, as when the 1.272 extension is hit, the three drives pattern is complete, and thats a BUY signal.
Thanks,
Tom
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