BAGFS - 8 months CUP & HANDLE

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Hello Traders ✌

For those of you who are interested in Turkish market stocks, here you have an opportunity to consider.
This quite perfect Cup & Handle (weekly chart shown) is taking place at the all-time high (violet dotted line) and just above the 200 days EMA. After breaching the boundary line prices are now simultaneously consolidating over it and testing it as support. I would consider a decisive move above 21.50 as a valid breakout.

  • Pattern Class: 🌕🌕🌕🌕🌑
  • Target area: 26.30
  • Breakout area above: 21.50
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

"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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