APT - chart only, page-26

Rarely will you ever find a perfect text book perfect set up.
The APT head and shoulder pattern is not perfect setup but it is there.


The up trending (pink) line was originally drawn on an hourly chart August.
I lined up the most price movements that touched the line (area), starting with the very long wick that you will see from the starting point of the trend line.
As you know the trend line is more of an "area" than an exact line so always expect a little movement either side..

The charts originally posted were all in the daily form as this showed the best visual representation of the bearish narrative.
I had also posted 2 other charts relating to APT and why I had come to my conclusion that APT was headed into a more bearish direction than bullish.


I've added a couple more support/resistance lines.
The $16.200 area/line.
Price gapped up on open above this line which was bullish.
The next line of resistance is $17.500





I forgot to add the link to the site in the previous post.
The pattern Site is well respected TA website.

http://thepatternsite.com/hst.html