We have seen a breakout of the handle’s resistance and actually retesting it as a support. We are also near the ascending channel support line and the 100 moving average around 2.40T.
Following the cup & handle pattern, the minimum price target should be around 3.75T.
If we don't have a black swan at the critical moment and the inflation continue to raise we are good to see the confirmation of this pattern.
Good profits to all!
Following the cup & handle pattern, the minimum price target should be around 3.75T.
If we don't have a black swan at the critical moment and the inflation continue to raise we are good to see the confirmation of this pattern.
Good profits to all!
Trade closed: stop reached
This pattern failed broking back the neckline
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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.