MATIC, Head and Shoulders

If MATIC confirms this as a head and shoulders, the measured targeted move is to $1.9, give or take.

This trade is only in force once an H&S is confirmed.

You can put your stop above the shoulder, in the middle of the shoulder, or above the neckline, depending on your risk appetite. Alternatively, once the move is confirmed and you are in profit, use a trailing stop.

See chart.