Intercontinental Hotels Group

Inverse H&S



SL below previous low 1742

target Size of head which is nearly £1.80( 1880 - 1900)

Inverse H&S played out very well...nice profit



Initial target is around 1880

Will follow the action next week

Follow-up chart

Half of position closed today near the close of market



SL moved for the rest of position to below the low of inside bar which formed on 21st of Jan (1801)

Will let it run as a free trade

Two things to note on this trade:
1. Inside bar on 21st Jan palyed out nicely
2. Inverse H&S occuring right at the top of a strong trend are VALID

Closed the remaining half @1875

Redchilly

Loving your trades/posts, very clear and very to the point.
Keep them coming pal

RMc

This has gapped down today and looks like its heading towards support area, a finish below could signal a correction and lower prices.





DYOR