Wednesday, May 27, 2015

PSE confirmed Head and Shoulder Pattern, downside 7400-7480 5-28-2015

-Updates from our post last month regarding possible Head and Shoulder pattern for PSE with target downside of 7400.

http://theamazingchart.blogspot.com/2015/04/pse-short-term-breakdown-medium-term.html

Last week, for almost a month, Right Shoulder was formed, and yesterday, it broke down the neck line, confirming the Head and Shoulder pattern. Downside target is 7400.

I don't have my charts as of today so I cannot estimate the exact numbers.

The uptrend line since 2013 should be around 7400-7480 as well. Coincides with that HnS targets.

Let your instincts decide on this fruitful forecast :)

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