HWDN - 4 months CUP & HANDLE
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
The only mention I want to make here is that breakout area is around the 200 Days EMA.
So, If I considered this opportunity, I would wait till price go and consolidates beyond that level.
Be also aware that if a breakout occurs next week and so after five strong bullish candlesticks, the odds favor a pattern upper boundary re-test or even a hard re-test (prices go back inside the pattern). Adjust your tactics accordingly.
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
═════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
The only mention I want to make here is that breakout area is around the 200 Days EMA.
So, If I considered this opportunity, I would wait till price go and consolidates beyond that level.
Be also aware that if a breakout occurs next week and so after five strong bullish candlesticks, the odds favor a pattern upper boundary re-test or even a hard re-test (prices go back inside the pattern). Adjust your tactics accordingly.
- Pattern Class: 🌕🌕🌕🌕🌑
- Target area: see chart
- Breakout area: see chart
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
═════════════════════════════