Corteva, Inc.Long
CTVA - 19 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 ✌
We could be at early stages of a second strong
upward movement (see weekly and monthly charts
not shown here). The pattern developed testing
almost perfectly the 200 day EMA, took place at the
all-time high (violet dotted line) and seems resuming
the uptrend. We can also see that "the handle" has
taken the form of a Rectangle. Be aware that last
friday candlestick tried to push through the 50 level
but then retraced (round numbers and specially 0,5
and 1 are somehow important levels for the market).
So, we still want to see some bullish action here but,
from a Classical Charting perspective, the scenario
is pretty nice.
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"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.
════════════════════════════════
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 🤝
═════════════════════════════════
Hello Traders ✌
We could be at early stages of a second strong
upward movement (see weekly and monthly charts
not shown here). The pattern developed testing
almost perfectly the 200 day EMA, took place at the
all-time high (violet dotted line) and seems resuming
the uptrend. We can also see that "the handle" has
taken the form of a Rectangle. Be aware that last
friday candlestick tried to push through the 50 level
but then retraced (round numbers and specially 0,5
and 1 are somehow important levels for the market).
So, we still want to see some bullish action here but,
from a Classical Charting perspective, the scenario
is pretty nice.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 57.70
- Breakout area above: 51.00
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"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"
═════════════════════════════════
⚠ 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.
════════════════════════════════
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.