2 1/2 years to have formed this pattern. looking to breakout to the upside, after a minor pull back to trend support.
Easy move here with 5-6% risk.
Entry if you've already missed it will be somewhat difficult, either wait for pull back or slowly sizing in or either take the confrimation of handle top.
potential 15-50% move depending on your TP targets and term...
Just an idea?
Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from...
