Royal Bank Of Canada
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RBC $RY large head and shoulders pattern

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RBC RY large head and shoulders pattern forming, as the correction in September 2011 and January 2016 formed the base for the left shoulder. While the rally from 2016 to 2018-2019 formed the head of the top.

Looking for RY to retrace to the base at $44 by March 2020.
Short term retrace to lows of December 2018.
Trade fechado: objetivo atingido
target reached for now, but I expect it to bottom at $20s 1-2 years from now

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