WPM (Wheaton precious Metals) Cup and handle Continuation
Although short term i anticipate that price action falls with Gold/USD struggling with the $1950-$2000 area. Profile damage i believe will not be long lasting. Cup and Handle pattern in play with a continuation breakout of 56.77. I have used Fib retracement levels from the base of Cup to current pull back levels to gauge depth of handle (RSI similarly down-ticking on daily suggesting more short term downside although personally believe to be minimal)
Initial Price Target following Breakout is 76.52 which ties in with previous ATH, and the cup upper and lower boundary range height. Further upside targets anticipated on WPM.
T1= 76.52
R1 = 56.77
S1 = 53.75
S2 = 49.65
S3= 45
Initial Price Target following Breakout is 76.52 which ties in with previous ATH, and the cup upper and lower boundary range height. Further upside targets anticipated on WPM.
T1= 76.52
R1 = 56.77
S1 = 53.75
S2 = 49.65
S3= 45
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