Herbalife: Potential For A Short Trade #Confluences

Friends

This stock has put in some nice Fibonacci harmonic moves. This final leg will bring us to the bottom of the range, which in turn, completes a very nice three drives pattern.

You can use extremely tight stop losses with this trade, I personally managed to get over 15 Risk Reward ratio in my best modelling scenario

I recommend taking profits before 1.272 extension is hit, as when the 1.272 extension is hit, the three drives pattern is complete, and thats a BUY signal.

Thanks,
Tom