clair097

Travellers International Hotel Group, Inc. RWM filled the previous gap at 3.30~3.36 and hit the 2nd retracement target (61.8% retracement) after a reversal from Bullish Butterfly harmonic pattern. See previous analysis of this harmonic pattern: https://psetrends.blogspot.com/2017/06/rwm-harmonic-pattern-update.html Trading Plan - Take some profit and profit run the rest of the position using trailing-stop.

Travellers International Hotel Group, Inc. RWM has potentially completed the Bullish Butterfly harmonic pattern with PRZ around 2.95 (2.88~2.99 range). See previous analysis of this harmonic pattern for more reference: https://psetrends.blogspot.com/2017/06/rwm-potential-harmonic-pattern.html Trading Plan - Test buy or wait for reversal pattern confirmation around the PRZ area. - Set stop-loss a few points from recent swing-low.

Travellers International Hotel Group, Inc. RWM is potentially forming a Bullish Butterfly harmonic pattern with PRZ around 2.95 (2.88~2.99 range). *Gap at 3.30~3.36 - a potential resistance area (may also be potentially filled in the future). Trading Plan - Avoid for now. - Only trade this setup once the harmonic pattern has been completed (ideally with a reversal pattern around the PRZ).