* Given a breakout as marked in the chart
* Formed a cup & holder pattern
* Retracement from 50% Fib level
* Triangle pattern breakout
* Target 1 - Triangle pattern depth
* Target 2 - Fib level upside
* Target 3 - Depth of the cup & holder pattern
Note: This is purely my personal view and not a trading recommendation.
* Formed a cup & holder pattern
* Retracement from 50% Fib level
* Triangle pattern breakout
* Target 1 - Triangle pattern depth
* Target 2 - Fib level upside
* Target 3 - Depth of the cup & holder pattern
Note: This is purely my personal view and not a trading recommendation.
Comment:
Another small cup and holder formed. 1st Target would be the depth of the cup which matches with the level marked.
Trade closed: stop reached:
SL Hit. Good to close with small SL
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