Cup and handle formation on daily bars. Neckline is at 1275. On a breakout above this level, target is same distance as bottom of cup to top right of cup, so $18. That would give us a target of 1293.
Invalidate if handle retraces more than 2/3 of cup depth, so below 1256.
Invalidate if handle retraces more than 2/3 of cup depth, so below 1256.
