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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 ✌
After a couple of years from the previous great profitable trade, we got another opportunity on IPN.
The handle took the form of a Rectangle which we are always happy to see in that place.
Be aware that the last friday candle was due to earnings release so its reliability is much less than usual.
If prices go towards the target, keep in mind that we will have to deal with the 105.00 previous level.
🔎🔎🔎 ALWAYS REMEBER
"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.
════════════════════════════════
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 🤝
═════════════════════════════════
Hello Traders ✌
After a couple of years from the previous great profitable trade, we got another opportunity on IPN.
The handle took the form of a Rectangle which we are always happy to see in that place.
Be aware that the last friday candle was due to earnings release so its reliability is much less than usual.
If prices go towards the target, keep in mind that we will have to deal with the 105.00 previous level.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 119.00
- Breakout area above: 97.00
🔎🔎🔎 ALWAYS REMEBER
"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"
═════════════════════════════════
⚠ 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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