CTVA - 19 months CUP & HANDLE

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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

We could be at early stages of a second strong
upward movement (see weekly and monthly charts
not shown here). The pattern developed testing
almost perfectly the 200 day EMA, took place at the
all-time high (violet dotted line) and seems resuming
the uptrend. We can also see that "the handle" has
taken the form of a Rectangle. Be aware that last
friday candlestick tried to push through the 50 level
but then retraced (round numbers and specially 0,5
and 1 are somehow important levels for the market).
So, we still want to see some bullish action here but,
from a Classical Charting perspective, the scenario
is pretty nice.

• Pattern Class: 🌕🌕🌕🌕🌕
  
• Target area: 57.70
  
• Breakout area above: 51.00
  

Entry Point and Initial Stop Loss depends on your
Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these information
is at your own risk.
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