RTX is preparing a free fall🟢 RTX is preparing for a free fall
NYSE:RTX is offering a 10% return opportunity today, with a risk of just 2.5% in the deal. RTX experienced a strong trend during 2024, which was broken on November 14th.
✅ What pattern is unfolding in NYSE:RTX ?
RTX has broken a yearly channel and now has created a perfect head and shoulders
pattern.
Head and shoulders appears at the end of trendlines, giving investors the opportunity to join the new trend.
💰 How to trade this chart pattern?
Selling when the blue line is broken is the most optimal idea.
To be sure that I do not fail, I will split my position in 2 take profits, so at least I can pay my stop loss and enter a risk-free trade.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2% SL.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 10% or more. This is also the previous support area and where more volume was traded, so it's just perfect for TP.
✴️ ENJOY AND FOLLOW for more 😊
