TheArtOfCharting

HUM - 20 months RECTANGLE

Long
NYSE:HUM   Humana Inc.
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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 ✌

Nothing much to say here. A Rectangle taking place at the all-time high and along the 200 Days EMA (weekly chart shown).

  • Pattern Class: 🌕🌕🌕🌕🌕
  • Target area: 575.00
  • Breakout area above: 490.00
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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