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ESS Head & Shoulders Pattern Breakdown

ESS (Essex Property Trust) offers an objective short entry here following the recent breakdown below this Head & Shoulders topping pattern.

T1 at 197.70 is the sole profit target on this trade although one could also opt to book partial or full profits if/when ESS approaches the 207ish minor support level, where a reaction is likely. ESS will be added directly as an Active Short Trade here around the 216 level with a suggested stop above 222.

ESS daily June 6th

ESS daily June 6th

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Jun 4, 2015 1:45pm|Categories: Completed Trades - Short|Tags: |Comments Off on ESS Head & Shoulders Pattern Breakdown