Royal Bank Of Canada
Short
Updated

RBC $RY large head and shoulders pattern

306
RBC RY large head and shoulders pattern forming, as the correction in September 2011 and January 2016 formed the base for the left shoulder. While the rally from 2016 to 2018-2019 formed the head of the top.

Looking for RY to retrace to the base at $44 by March 2020.
Short term retrace to lows of December 2018.
Trade closed: target reached
target reached for now, but I expect it to bottom at 20S 1-2 years from now

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.