LONG POSITION SECURITYAfter the second candle fail my vision is to turn trade 180° ando go long to the green zone.
SECURITY trade ideas
Grupo Security.Chilean Stocks.
Pure Technical Projection.
H&S in formation, which until now shows itself as a Bat in his last leg and its reversal will paint the right shoulder.
This stock have been in a strong uptrend the lasts years, so now could be time for correct itself. But this will be in Bulls hands at the moment of reaching the top of the right shoulder because if price can breakthrough that level (which is the current price level) the uptrend is not over.
For entry long, wait to touch the neckline = Bat D point (260-270), than hold until the top of the last shoulder (295-300: 9%).
After that, better to stay out and keep watching.
Short position on Security. Chile marketAfter fail candle, there´s 83% probable to reach de green zone.
