Cup & Handle & Bullish Biased Pennant/Ascending Triangle
TG 1460-1480, Incase it undershoots/overshoots. Right Peak to Bottom is 41~ Pts + Breakout Level 1427 + 41 = 1468
Gaps @1420, 1422, 1424
It's currently in a bullish biased, Ascending Triangle/Pennant. If it breaks through 1422~ = Potential Breakout to 1427 due to former top of last run. If we break through that, TG would be 1438 from the current high. If it does break through... there will be alot of buying pressure from short sellers + Cup & Handle breakout = TG 1460-1480
Gaps @1420, 1422, 1424
It's currently in a bullish biased, Ascending Triangle/Pennant. If it breaks through 1422~ = Potential Breakout to 1427 due to former top of last run. If we break through that, TG would be 1438 from the current high. If it does break through... there will be alot of buying pressure from short sellers + Cup & Handle breakout = TG 1460-1480
Trade closed: target reached