Thursday, June 22, 2017

RWM harmonic pattern update and target hit

Travellers International Hotel Group, Inc.

RWM filled the previous gap at 3.30~3.36 and hit the 2nd retracement target (61.8% retracement) after a reversal from Bullish Butterfly harmonic pattern.

See previous analysis of this harmonic pattern:
https://psetrends.blogspot.com/2017/06/rwm-harmonic-pattern-update.html

Trading Plan
- Take some profit and profit run the rest of the position using trailing-stop.


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