OMXRGI - 6 months RECTANGLE

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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 ✌

Global stock markets weakness for Latvia Index is represented by a breakout on the downside of a Rectangle.
If prices go towards the target, keep in mind that we will have to deal with the 1185.00 previous level.

• Pattern Class: 🌕🌕🌕🌑🌑
  
• Target area: 1174.00
  
• Breakout area below: 1220.00
  

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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Comment:

Sorry guys, don't look at the "3%" is a text line template I use for other purposes and I forgot to delete.