Ulta is forming a possible head and shoulders reversal pattern after rising since the drop in March. The white line is the neckline and their is a small gap to fill around 160
It is also moving below all emas on the daily. remember on these patterns we wait until it breaks the neckline comes back to retest and confirms the move lower. volume is key on the drop!
please like if you see my trades as useful information.
It is also moving below all emas on the daily. remember on these patterns we wait until it breaks the neckline comes back to retest and confirms the move lower. volume is key on the drop!
please like if you see my trades as useful information.