══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS
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After a really strong advance, prices consolidate for the last 15 months taking the form of a Cup & Handle Continuation whose Handle is a Cup & Handle Continuation in turn. The pattern (weekly chart shown) takes also place at the all-time high and along the 200 days EMA.
Pattern Class: 🌕🌕🌕🌕🌕
Target area: 57.70
Breakout area above: 41.00
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 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. ═════════════════════════════