CTVA - 4 months CUP & HANDLE CONTINUATION

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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 🤝
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Hello Traders ✌

Here we have a second Cup & Handle in a row taking place at the all-time high after testing the 200 days EMA. The first one worked out pretty well and now prices are attempting a breakout again (weekly chart shown).
Notice that, for the second time, a long breakout on this stock could occur while the SPX is definitely short.

• Pattern Class: 🌕🌕🌕🌕🌕
  
• Target area: 77,00
  
• Breakout area above: 66,00
  

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"
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⚠ 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.
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