Pascal
12-26-2013, 01:03 PM
As we can see, CPB is forming the handle of a C&H pattern.
There are two ways to trade this: either to place a buy order just above the 43.5 level or on a pull-back to the 42.5 support level.
The Break-out order means that there is less risk because money will be used only if prices start a new uptrend.
The pull-back order could work because EV is showing accumulation and the supply pattern shows that we are in a stable zone.
Pascal
21547
21545
21546
There are two ways to trade this: either to place a buy order just above the 43.5 level or on a pull-back to the 42.5 support level.
The Break-out order means that there is less risk because money will be used only if prices start a new uptrend.
The pull-back order could work because EV is showing accumulation and the supply pattern shows that we are in a stable zone.
Pascal
21547
21545
21546