Larger pattern in play: Cup & Handle
Smaller pattern in play: Head & Shoulders
ST
As of Oct '22 we have been retracing to the 38.2% support level which is also the extension zone of the reverse H&S pattern; expected target of 6.29 per the measured price to complete the H&S pattern.
LT
Applying the measured move of the cup from the top brim, we expect a future long-term (LT) price in the $68 range; per the yellow channel, the target timeframe quesstimate appears to be in the Q3 '22 to Q1-2 '23.
As always; set stops to preserve working capitol, the charts are simply a guide, NFA and DYOR.
Enjoy every sandwich :)
Smaller pattern in play: Head & Shoulders
ST
As of Oct '22 we have been retracing to the 38.2% support level which is also the extension zone of the reverse H&S pattern; expected target of 6.29 per the measured price to complete the H&S pattern.
LT
Applying the measured move of the cup from the top brim, we expect a future long-term (LT) price in the $68 range; per the yellow channel, the target timeframe quesstimate appears to be in the Q3 '22 to Q1-2 '23.
As always; set stops to preserve working capitol, the charts are simply a guide, NFA and DYOR.
Enjoy every sandwich :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.