SM - 4 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 ✌

Last consolidation took the form of a compact Cup & Handle and took place close to the merging point of a quite strong previous resistance at 42.00 with the last trendline we can draw (even 200 days EMA is approximately there). So, it's clear that prices are at a point in which they have to choose the direction of the next move.

• Pattern Class: 🌕🌕🌕🌕🌑
  
• Target area: 49.70
  
• Breakout area above: 39.00
  

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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