NYSE:TDY   Teledyne Technologies Incorporated
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Good pattern at the all-time high of a stock that likes "trending" (see monthly chart). After a Rectangle consolidation around the 200 days EMA , prices are now attempting a breakout to resume the uptrend.

  • Pattern Class: 🌕🌕🌕🌕🌑
  • Target area: 525.00
  • Breakout area above: 480.00
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

"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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