ATVI Complex Inverse H&S and Symmetrical Triangle Patterns

Activision Blizzard fell from grace in early Oct 2018 and has been forming a base for the past 6 months. There are two dominant patterns to watch with this one. First, is a Symmetrical Triangle which is nearing the apex (or decision point) and second, a Complex Head and Shoulders pattern which will only be confirmed on a break above the neckline. FlashPoint Trading Academy has placed a bracket order with a buy stop on close just above the down sloping green line and a sell stop on close placed right below the up sloping green line.

We are rooting for a break out above the neckline as it sets up a reversal and new uptrend with our risk:reward at 1:7. If our sell stop is triggered, we will look for an initial retest of recent swing low.

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Sell stop triggered our short and hit immediately hit our swing low target $$$. We will continue to monitor as the inverse H&S still in play.