Friday, June 2, 2017

RWM potential harmonic pattern

Travellers International Hotel Group, Inc.

RWM is potentially forming a Bullish Butterfly harmonic pattern with PRZ around 2.95 (2.88~2.99 range).

*Gap at 3.30~3.36 - a potential resistance area (may also be potentially filled in the future).

Trading Plan
- Avoid for now.
- Only trade this setup once the harmonic pattern has been completed (ideally with a reversal pattern around the PRZ).


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