Chart is giving signals that the trend will continue upward. Assuming a breakout of the handle at 4.06 the target of the Cup and Handle pattern would be 5.13.
Trade closed: target reached
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The chart gave the signals, but I did not imagine that the climb would be so fast neither the bad reasons behind this.
Only a matter of time... If 4.26 is passed on volume we will jump fast up!
Hold on..
markn
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based on the news, 6/1 or 7/1 could be tested. The entire brazil population hasnt even felt any effects of the virus yet. April, May, June will be very telling.
Hold on..