Chart Patterns & Algorithmic Trader (Jan. 28, '20) (102)
@HG Cup & Handle Pattern
s
Reviewed in CPAT
Copper Continuous Contract [Dec20] (@HG) is forming a Cup and Handle pattern on its
daily chart and trading near the breakout level of $3.0200. 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 $2.4610, and the
handle low $2.7390. Targets are placed at $3.2685, $3.487 to $3.641.
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