Chart Patterns & Algorithmic Trader ( Apr . 12 , ' 21 ) ( 23 )
$
INDU Cup & Handle Pattern s
Reviewed in CPAT
Dow Jones Industrial Average ($ INDU ) has formed a Cup and Handle pattern on its daily chart and trading above the breakout level of $ 28958.00 . C & H patterns are valid only when price closes above the breakout level . A long trade is entered above the breakout level with a stop placed below the lowest low of the mid cup $ 27550.84 . Targets are placed at $ 30027.27 , $ 30697.0 to $ 31169.8 and 31772.0 .
www . surinotes . com