Research In Motion (RIMM) : 5min chart, possible head and shoulder

Sometimes, the intraday trades movement can be so fast that one may missed out a pattern developing.

In this case, RIMM may have a head and shoulder forming.

I was only able to spot it because of the Chikou Span in Ichimoku.

As we can see from the Chikou Span, there is a chance that the head and shoulder will form.

And if that forms, the way for RIMM is down.

Note:

At time of posting, head and shoulder is not confirmed yet.

A reminder to myself, No Setup. No Trade.

Related posts:

  1. How Ichimoku Shows Head and Shoulder
  2. Research In Motion Ltd (RIMM): Continues to edge down
  3. Research In Motion, Ltd (RIMM): Next stop $50
  4. Research In Motion (RIMM) : Still holding my short…
  5. Research In Motion (RIMM) : Intraday Trade