Reiterated on my idea of the cup and handle between March 15th and now.
I first published this idea a few weeks ago, and since then, earlier then I expected, we have started the ascent to the handle. I would have expected this to only happen by early June, based on the Cann Square levels. We can see that the levels have served us well so far, so I am surprised to see this is ahead of schedule.
I expect a move to 268 with some consolidation, and then the handle to form to around 190 (.5) or 220 (.618).
I consider this trade failed if we fall below the base of the handle of 116.9
Trade closed: target reached
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I consider this idea a success, both in terms of targets as well as as timings.
Now I expect a run towards the 340 resistance and a breakthrough to continue the upward trajectory over the next few months.