CHK - 5 months CUP & HANDLE CONTINUATION
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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 ✌
Here are some situations to keep on the radar screen while waiting for a possible breakout attempt.
A Cup & Handle is forming squeezing prices between the 200 Days EMA and the all-time highs which is always a good sign.
Be aware that we have earnings release in two sessions (november the 2nd) so if a breakout occurred due to earnings announcement it would not be trustable and so, we would need some sort of confirmation before considering this opportunity.
🔎🔎🔎 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"
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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.
═════════════════════════════
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 ✌
Here are some situations to keep on the radar screen while waiting for a possible breakout attempt.
A Cup & Handle is forming squeezing prices between the 200 Days EMA and the all-time highs which is always a good sign.
Be aware that we have earnings release in two sessions (november the 2nd) so if a breakout occurred due to earnings announcement it would not be trustable and so, we would need some sort of confirmation before considering this opportunity.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 135.00
- Breakout area above: 109.00
🔎🔎🔎 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.
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