══════════════════════════════
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 🤝
══════════════════════════════
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.
🔎🔎🔎 ALWAYS REMEMBER
"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"
═════════════════════════════
⚠ 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.
═════════════════════════════
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 🤝
══════════════════════════════
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
🔎🔎🔎 ALWAYS REMEMBER
"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"
═════════════════════════════
⚠ 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.
═════════════════════════════