BAGFS - 8 months CUP & HANDLE

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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

For those of you who are interested in Turkish market stocks, here you have an opportunity to consider.
This quite perfect Cup & Handle (weekly chart shown) is taking place at the all-time high (violet dotted line) and just above the 200 days EMA. After breaching the boundary line prices are now simultaneously consolidating over it and testing it as support. I would consider a decisive move above 21.50 as a valid breakout.

• Pattern Class: 🌕🌕🌕🌕🌑
  
• Target area: 26.30
  
• Breakout area above: 21.50
  

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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