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.


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

A reminder to myself, No Setup. No Trade.

By iam802

Trend trading with Ichimoku