HO - 200 days RECTANGLE

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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 ✌

Here are some situations to keep on your radar screen waiting for a possible breakout attempt.
A rectangle has formed between the all-time highs and the 200 Day EMA (always a good sign). Looking at the vertical prices advance immediately before the pattern, can we speculate that Thales is preparing for a second rapid spike up?

• Pattern Class: 🌕🌕🌕🌕🌑
  
• Target area: 147.50
  
• Breakout area above: 133.00
  

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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