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 :)