Broke out of a daily Cup and Handle pattern and closed 6 four HR candles above the 0.618. Relatively clear skies once it breaks above 16.4.
The target from the cup and handle lines up with the median of the fork. the target also liens up perfectly with the last high, which is not far below the ATH.
As the PRZ lies between 1 and 1.23 fib, this indicates it may well break it's ATH.
Whether it does or not, there is plenty of room in this trade to accumulate some serious profits!
The target from the cup and handle lines up with the median of the fork. the target also liens up perfectly with the last high, which is not far below the ATH.
As the PRZ lies between 1 and 1.23 fib, this indicates it may well break it's ATH.
Whether it does or not, there is plenty of room in this trade to accumulate some serious profits!