Chart Patterns & Algorithmic Trader (Jan. 28, '20) (105)
@PL Cup & Handle Pattern
s
Platinum Continuous Contract [Oct20] (@PL) is forming a Cup and Handle pattern on its
daily chart and trading below the breakout level of $1052.60. 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 $810.20, and the
handle low $903.50. Targets are placed at $1236.70, $1352.0 to $1433.5.
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