Chart Patterns & Algorithmic Trader ( Sept . 28 , ' 20 ) ( 40 )
BC
Cup & Handle Pattern s
Reviewed in CPAT
Brunswick Corp ( BC ) is forming a Cup and Handle pattern on its daily chart and trading below the breakout level of $ 66.42 . 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 $ 45.77 , and the handle low $ 56.45 . Targets are placed at $ 81.94 , $ 91.7 to $ 98.6 . www . surinotes . com