In weekly timeframe, Tinplate formed possible Cup& handle pattern from 2018.
So, as per my view in next couple of months it can go till 450 and if pattern breakout then it can go till 800 next 9-12 months.
Next few weeks would be key to understand pattern depth or deviation if any.
Note: This is just educational purpose and not for recommendations at all.
High Probability Trade
Timeframe Used:
Weekly
Trade Frame:
Few Weeks/Months
Why Buy ?
-> Simple Price Action, Price making HH-HL.
-> After reaching ATH, price retraced from 50% Fib levels and has given a nice breakout with Volumes
-> Nice CUP breakout on longer TF
For Swing:
Buy Above: 325
Stop Loss: 280
(Weekly Closing Basis)
Targets: 345, 375,...
The weekly chart of tinplate shows a nice rounding bottom pattern completion and breakout above 324.
View invalid if closes below 260.
Only for educational purposes, not a buy/sell recommendation.
