Descending channel and Cup and Handle - Lets see if breaks out
upside points of 20 and 35 based on Cup and Handle on breakout from the point of breakout
75 on channel
All it needs is a convincing breakout!
75 on channel
All it needs is a convincing breakout!
Trade active
Breakout confirmed on Friday (12/18). Targets next - 522 and 539 . Very optimistic target of 575 based on channelNote
Current stop loss at 470 on basis of daily closingNote
Stoploss of 472.22 will be breached if it closes below that today.Trade closed: stop reached
Stop reached yesterday. Not sure if it was just volatility in play. Earlier targets do not hold any longer
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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.