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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 ✌
A yearlong Double Top is attempting a breakout (weekly chart shown). Some traders could label it as a Rectangle due to July the 5th 2022 low. In my opinion that low doesn't affect the Double Top interpretation but the implications would be the same so it is not a big deal.
Remember that trading futures requires adequate capitalization!
🔎🔎🔎 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 ✌
A yearlong Double Top is attempting a breakout (weekly chart shown). Some traders could label it as a Rectangle due to July the 5th 2022 low. In my opinion that low doesn't affect the Double Top interpretation but the implications would be the same so it is not a big deal.
Remember that trading futures requires adequate capitalization!
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 15.20
- Breakout area below: 17.20
🔎🔎🔎 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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